The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 3301.6 is expected.
Caution: A possible change in the direction of the support line at 3183.27 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3565.84 |
| 2nd High | 3308.86 |
| Next High | 3301.6 |
| Current Price | 3218.440000000 |
| Next Low | 3183.27 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3301.6 – 3308.86 – 3253.76 – 3183.27 – 3203.34 – 3126 — 36.482817140652 – 39.854400394358 — 7.6846402126448 – 21.558340766175 – 12.251596871116 – 12.642233459072