ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 3223.38 will continue.
Caution: A possible change in the direction of the support line at 2946.56 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Bullish Belt Hold’ chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 3160.460000000 |
| Next Low | 2946.56 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3223.38 – 3249 – 3230 – 2946.56 – 3004 – 3131.78 — 61.311975710153 – 64.614708231263 — 95.612666042382 – 95.035780760471 – 95.182901059941 – 96.203025621209
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –