ETH/USDT – 1H – BUYThe currency pair jumps from the descending trendline up.
The bullish trend upwards to the next resistance at 2673.410000000 will persist.
Caution: A possible counter-trend in the direction of the support level at 2554.050000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 2641.325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 2673.410000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2728.600000000 |
| 2nd High | 2684.510000000 |
| Next High | 2673.410000000 |
| Current Price | 2609.390000000 |
| Next Low | 2554.050000000 |
| 2nd Low | 2524.580000000 |
| 3rd Low | 2277.340000000 |