The currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 1756.79 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 1713.44 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1773.42 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1756.79 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1833.4 |
| 2nd High | 1813.16 |
| Next High | 1756.79 |
| Current Price | 1752.940000000 |
| Next Low | 1713.44 |
| 2nd Low | 1692.13 |
| 3rd Low | 1614.32 |
1756.79 – 1813.16 – 1833.4 – 1713.44 – 1725.18 – 1741.21 —
1747.330000000 – 1748.460000000 —
42.883153385415 – 51.295260660223 —
– —
1756.79 – 1783558800