The combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 67320 is certain.
Caution: A possible trend reversal in the direction of the support level at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 67998.335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 67320 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69241.5 |
| 2nd High | 68476.22 |
| Next High | 67320 |
| Current Price | 67149.110000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
67320 – 68476.22 – 69241.5 – 65870 – 66621.06 – 67294.11 —
66936.420000000 – 67073.130000000 —
39.844275510643 – 54.418000996596 —
– —
67320 – 1771484400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –