ETH/USDT – 4H – BUYThe currency pair breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 2769.480000000 is likely expected.
Caution: A possible change in the direction of the support level at 2357.590000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 2769.48 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 2769.480000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2769.480000000 |
| Current Price | 2733.300000000 |
| Next Low | 2357.590000000 |
| 2nd Low | 2330.660000000 |
| 3rd Low | 2310.000000000 |