ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 2233.72 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2099.38 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. 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 | 2350 |
| 2nd High | 2333.62 |
| Next High | 2233.72 |
| Current Price | 2148.380000000 |
| Next Low | 2099.38 |
| 2nd Low | 2086.34 |
| 3rd Low | 2061.6 |
2160.78 – 2156.92 – 2233.72 – 2099.38 – 2143.14 – 2153.21 —
2141.780000000 – 2148.590000000 —
44.717828853094 – 46.619189507574 —
– —
2160.78 – 1773970200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –