ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline up.
An ascent up to the next resistance line at 2350.24 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 2252.72 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3045.78 |
| 2nd High | 2464.91 |
| Next High | 2350.24 |
| Current Price | 2309.060000000 |
| Next Low | 2252.72 |
| 2nd Low | 2175.68 |
| 3rd Low | 2175 |
2350.24 – 2464.91 – 2364.68 – 2252.72 – 2300 – 2317.43 —
2283.140000000 – 2332.880000000 —
33.441519339729 – 48.61608689835 —
– —
2350.24 – 1776603600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –