ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at is certain.
Caution: A possible trend reversal in the direction of the support line at 3677.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 3956 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3984.490000000 |
| Next Low | 3677.000000000 |
| 2nd Low | 3500.000000000 |
| 3rd Low | 3252.000000000 |