BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 89010 will persist.
Caution: A possible counter-trend in the direction of support at 87035.51 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘ ‘ indicator signal is found. The indicator shows ‘ ‘. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 89130.25 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 89010 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 91224.99 |
| Next High | 89010 |
| Current Price | 88408.770000000 |
| Next Low | 87035.51 |
| 2nd Low | 86806.5 |
| 3rd Low | 86655.08 |
89010 – 91224.99 – 90088.94 – 87035.51 – 88578.36 – 88515.37 —
88055.750000000 – 88699.450000000 —
37.143756876704 – 40.12373553977 —
– —
89010.00000 – 1769486400