ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 3020.310000000 is likely expected.
Caution: A possible change in the direction of the support line at 2903.850000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish SBS White Lines’ chart pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3040.150000000 |
| Next High | 3020.310000000 |
| Current Price | 2962.510000000 |
| Next Low | 2903.850000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
3020.310000000 – 2967.970000000 – 2979.780000000 – 2903.850000000 – 2923.320000000 – 2936.460000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish SBS White Lines –