ETH/USDT – 4H – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance line at 2679.880000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 2477.730000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency 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 | |
| 2nd High | 2788.000000000 |
| Next High | 2679.880000000 |
| Current Price | 2571.900000000 |
| Next Low | 2477.730000000 |
| 2nd Low | 2381.490000000 |
| 3rd Low | 2348.380000000 |
2679.880000000 – 2788.000000000 – 2730.850000000 – 2477.730000000 – 2381.490000000 – 2468.560000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Belt Hold