ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline upwards
A bullish ascent up to the next resistance level at 3368.82 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 3253.01 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3402.89 |
| 2nd High | 3384.19 |
| Next High | 3368.82 |
| Current Price | 3207.470000000 |
| Next Low | 3253.01 |
| 2nd Low | 3065.55 |
| 3rd Low | 3058.69 |
3368.82 – 3330.26 – 3384.19 – 3296.34 – 3253.01 – 3273.72 — 23.220766714066 – 28.831495212437 — 4.1662807284044 – 5.983586817584 – 4.6973317772303 – 5.2547295447575
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –