ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 2008.35 is certain.
Caution: A possible trend reversal in the direction of the support line at 1970.93 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Belt Hold’ candle pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2183.5 |
| 2nd High | 2080.42 |
| Next High | 2008.35 |
| Current Price | 2002.600000000 |
| Next Low | 1970.93 |
| 2nd Low | 1916.14 |
| 3rd Low | 1907.41 |
2008.35 – 2080.42 – 2183.5 – 1970.93 – 2034.54 – 2147.67 —
2004.570000000 – 2004.500000000 —
52.64234953446 – 56.211982694553 —
– —
2008.35 – 1774683000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –