The pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline upwards
A bullish movement upwards to the next resistance level at 93836.01 will persist.
Caution: A possible change in the direction of the support level at 89253.78 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 93836.01 |
| Current Price | 91923.780000000 |
| Next Low | 89253.78 |
| 2nd Low | 84347.97 |
| 3rd Low | 83709.25 |
93836.01 – 96043 – 96635.11 – 89253.78 – 93005.55 – 94841.62 — 49.40406126659 – 50.154365217979 — 65.17290411481 – 84.651919609481 – 42.60626338059 – 63.704341554894
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –