The pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 2321.22 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 2265.61 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Advance Block’ candle chart pattern is discovered. The chart shows ‘Advance Block’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.74 |
| 2nd High | 2346.89 |
| Next High | 2321.22 |
| Current Price | 2317.070000000 |
| Next Low | 2265.61 |
| 2nd Low | 2252.42 |
| 3rd Low | 2245.82 |
2321.22 – 2346.89 – 2423.74 – 2265.61 – 2280.1 – 2313.89 —
2319.150000000 – 2318.450000000 —
59.204137043224 – 59.822237664826 —
– —
2321.22 – 1778265000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Advance Block – – –