ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 2858.16 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 2704.33 could happen.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2858.16 |
| Current Price | 2840.240000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2858.16 – 2852.17 – 2806.84 – 2704.33 – 2623.57 – 2946.56 — 50.515799820099 – 57.68938735068 — 8.4009722144038 – 28.676715158518 – 24.728098056587 – 19.512873179832