ETH/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3117.465 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 3069.070000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. this 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 probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3236.26 |
| Next High | 3069.070000000 |
| Current Price | 3003.580000000 |
| Next Low | 2866.11 |
| 2nd Low | 2775.19 |
| 3rd Low | 2716.04 |
3069.070000000 – 3002 – 3236.26 – 2866.11 – 2920 – 3085.17 —
3069.070000000 – 3025.350000000 —
66.454841787129 – 56.249441367858 —
3069.070000000 – 1769023800 —
– 1769023800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –