ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 2768.78 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 2250 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles form ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2448.220000000 |
| Next Low | 2250 |
| 2nd Low | 2111.89 |
| 3rd Low | 1731.7 |
2768.78 – 2828.65 – 3038.45 – 2250 – 2609.85 – 2636.01 —
2462.360000000 – 2456.620000000 —
41.927315337391 – 40.770358333982 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish SBS White Lines – – –