ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 1712.06 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1679.11 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1762.99 |
| 2nd High | 1719.51 |
| Next High | 1712.06 |
| Current Price | 1709.890000000 |
| Next Low | 1679.11 |
| 2nd Low | 1671.79 |
| 3rd Low | 1654.9 |
1712.06 – 1719.51 – 1762.99 – 1679.11 – 1682.35 – 1671.79 —
1708.970000000 – 1718.000000000 —
53.366780738689 – 55.351908193606 —
– —
1712.06 – 1781883000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – –