The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 2984 is likely expected.
Caution: A possible reversal of the trend in the direction of support at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘Bullish Belt Hold’ candle pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2987 |
| Next High | 2984 |
| Current Price | 2953.490000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2984 – 2987 – 2885.75 – 2857.32 – 2865.09 – 2788 — 51.055803037093 – 59.128709026556 — 72.54879091828 – 92.327579503927 – 77.476479278439 – 81.511935308296
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –