The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 78479.37 will persist.
Caution: A possible counter-trend in the direction of the support level at 77770 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78662.5 |
| 2nd High | 78581.93 |
| Next High | 78479.37 |
| Current Price | 78231.160000000 |
| Next Low | 77770 |
| 2nd Low | 77326.51 |
| 3rd Low | 77140.23 |
78210 – 77650 – 77885.35 – 77770 – 77326.51 – 77140.23 —
78117.300000000 – 78500.000000000 —
57.311906375786 – 60.112521630817 —
– —
78210 – 1777192200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Northern Doji – – –