The combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 2351.8 will continue.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
And also a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2415.5 |
| 2nd High | 2385.61 |
| Next High | 2351.8 |
| Current Price | 2343.340000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2351.8 – 2385.61 – 2342.76 – 2285.1 – 2345.04 – 2308.5 —
2329.480000000 – 2356.530000000 —
46.618393443149 – 51.154962173153 —
– —
2351.8 – 1776344400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish SBS White Lines – Rising Wedge Chart Pattern – –