ETH/USDT – 30M – BUYBesides a ‘Double bottom chart pattern’ chart pattern is found. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 2015.33 is considered certain.
Caution: A possible trend reversal in the direction of support at 1968.68 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Belt Hold’ candle pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The 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 | 2103.32 |
| 2nd High | 2023.51 |
| Next High | 2015.33 |
| Current Price | 2018.070000000 |
| Next Low | 1968.68 |
| 2nd Low | 1941.66 |
| 3rd Low | 1937.24 |
2015.33 – 2008.58 – 2023.51 – 1968.68 – 1941.66 – 1937.24 —
1995.140000000 – 2008.620000000 —
55.364986375958 – 58.657486268813 —
– —
2015.33 – 1771354800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –