The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 3319.5 will persist.
Caution: A possible change in the direction of the support level at 3296.34 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ chart pattern is existing. The candles show ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3384.19 |
| 2nd High | 3330.26 |
| Next High | 3319.5 |
| Current Price | 3325.830000000 |
| Next Low | 3296.34 |
| 2nd Low | 3253.01 |
| 3rd Low | 3065.55 |
3319.5 – 3330.26 – 3299.89 – 3296.34 – 3253.01 – 3277.04 — 59.074725337947 – 63.198544301448 — 93.778738372216 – 93.778738372216 – 88.321876061246 – 93.817758683068
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – Double top chart pattern – –