The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 64762.77 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 63418.66 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 64762.77 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 64762.77 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67923.24 |
| 2nd High | 67516 |
| Next High | 64762.77 |
| Current Price | 64485.840000000 |
| Next Low | 63418.66 |
| 2nd Low | 63400 |
| 3rd Low | 63045.29 |
64762.77 – 64350 – 63840 – 63418.66 – 63400 – 63045.29 —
64545.400000000 – 64365.300000000 —
61.761621766575 – 50.805264772438 —
– —
64762.77 – 1781386200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –