ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 2218.13 is certain.
Caution: A possible change in the direction of the support line at 2175.68 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2350 |
| 2nd High | 2329.93 |
| Next High | 2218.13 |
| Current Price | 2391.500000000 |
| Next Low | 2175.68 |
| 2nd Low | 2175 |
| 3rd Low | 2157.31 |
2218.13 – 2329.93 – 2257.99 – 2175.68 – 2175 – 2229 —
2242.900000000 – 2377.910000000 —
57.890700562551 – 78.076072948229 —
– —
2218.13 – 1776024000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –