The currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 2423.75 will continue.
Caution: A possible counter-trend in the direction of support at 2300.22 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3045.78 |
| 2nd High | 2464.91 |
| Next High | 2423.75 |
| Current Price | 2318.000000000 |
| Next Low | 2300.22 |
| 2nd Low | 2285.42 |
| 3rd Low | 2284.19 |
2423.75 – 2338.75 – 2346.78 – 2300.22 – 2285.42 – 2284.19 —
2324.230000000 – 2316.050000000 —
46.36393527351 – 45.886265609337 —
– —
2423.75 – 1776866400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –