And also a ‘Double top retreat up’ chart formation is detected. The chart picture forms ‘Double top retreat up’. which is a bullish pattern signal. The currency pair is likely to go up.
The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 2768.78 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2689 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2697.920000000 |
| Next Low | 2689 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2768.78 – 2828.65 – 3038.45 – 2689 – 2754.53 – 2937.55 —
2744.550000000 – 2742.870000000 —
43.177107834268 – 39.12406543236 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Double top retreat up – –