The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 3249 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 3075.38 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3256.71 |
| Next High | 3249 |
| Current Price | 3093.300000000 |
| Next Low | 3075.38 |
| 2nd Low | 2907.52 |
| 3rd Low | 2782.19 |
3180.51 – 3150 – 3058.01 – 3075.38 – 2907.52 – 3013.25 — 28.466263687615 – 32.309885287628 — 14.939449315412 – 21.712557695368 – 11.54293189123 – 16.490634779914
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –