The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 2019.65 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1989.64 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2080.42 |
| 2nd High | 2047.45 |
| Next High | 2019.65 |
| Current Price | 2001.000000000 |
| Next Low | 1989.64 |
| 2nd Low | 1970.93 |
| 3rd Low | 1916.14 |
2019.65 – 2047.45 – 2008.35 – 1989.64 – 1992.25 – 1970.93 —
2008.160000000 – 1998.980000000 —
49.310975337518 – 38.608732677288 —
– —
2019.65 – 1774753200