The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 81708.32 is expected.
Caution: A possible change in the direction of the support line at 79500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.
In addition a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 82850 |
| Next High | 81708.32 |
| Current Price | 79919.010000000 |
| Next Low | 79500 |
| 2nd Low | 78202 |
| 3rd Low | 78084.08 |
81708.32 – 82850 – 81760.84 – 79500 – 80725.09 – 81136 —
80215.230000000 – 79934.920000000 —
40.344574619922 – 35.916851376131 —
– —
81708.32 – 1778139000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –