ETH/USDT – 4H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 3177.5 will persist.
Caution: A possible trend reversal in the direction of the support line at 2910.25 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which could be a positive chart signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ chart pattern is existing. The chart shows ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3658.98 |
| 2nd High | 3447.44 |
| Next High | 3177.5 |
| Current Price | 3296.840000000 |
| Next Low | 2910.25 |
| 2nd Low | 2888.7 |
| 3rd Low | 2775.19 |
3057.78 – 3077.39 – 3020 – 2910.25 – 2888.7 – 2944 — 68.2445573844 – 75.51768809578 — 67.455961082658 – 51.2415032349 – 85.296444399852 – 70.971383458669
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – Triple bottom chart pattern – –