BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 113485.900000000 is certain.
Caution: A possible change in the direction of the support zone at 107350.100000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 113485.900000000 |
| Current Price | 111360.010000000 |
| Next Low | 107350.100000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106733.330000000 |
113485.900000000 – 117429.050000000 – 118575.000000000 – 107350.100000000 – 108666.660000000 – 111684.790000000 — 51.160088941016 – 61.178261244222
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –