ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 4490.000000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 4256.030000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 4351.225 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 4490.000000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4491.840000000 |
| 2nd High | 4490.640000000 |
| Next High | 4490.000000000 |
| Current Price | 4283.310000000 |
| Next Low | 4256.030000000 |
| 2nd Low | 4210.610000000 |
| 3rd Low | 4207.390000000 |
4490.000000000 – 4490.640000000 – 4416.780000000 – 4256.030000000 – 4265.330000000 – 4257.850000000 — 44.303921225143 – 45.516459505594