ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 2798.760000000 is certain.
Caution: A possible change in the direction of the support zone at 2655.610000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Advance Block’ chart pattern is found. The chart shows ‘Advance Block’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2798.760000000 |
| Current Price | 2758.500000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2798.760000000 – 2726.780000000 – 2548.630000000 – 2655.610000000 – 2477.730000000 – 2490.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Advance Block