ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance level at 2806.84 is certain.
Caution: A possible counter-trend in the direction of the support level at 2623.57 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Latter Bottom’ chart pattern is detected. The chart shows ‘Latter Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2806.84 |
| Current Price | 2766.260000000 |
| Next Low | 2623.57 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2806.84 – 3169.95 – 3223.38 – 2623.57 – 2946.56 – 3004 — 44.402383989864 – 48.352715337149 — 64.266945743598 – 72.135605426407 – 74.474703102124 – 70.36792817416
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Latter Bottom – – –