ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 2798.760000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 2655.610000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 2798.76 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 2798.760000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Latter Bottom’ candle pattern is discovered. The chart forms ‘Latter Bottom’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2798.760000000 |
| Current Price | 2743.230000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2798.760000000 – 2726.780000000 – 2548.630000000 – 2655.610000000 – 2477.730000000 – 2490.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Latter Bottom