ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 2331.85 will persist.
Caution: A possible change in the direction of the support line at 2301.61 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.58 |
| 2nd High | 2338.79 |
| Next High | 2331.85 |
| Current Price | 2314.800000000 |
| Next Low | 2301.61 |
| 2nd Low | 2300.22 |
| 3rd Low | 2285.42 |
2331.85 – 2338.79 – 2343.58 – 2301.61 – 2300.22 – 2285.42 —
2320.310000000 – 2316.170000000 —
51.933752237146 – 45.971072908374 —
– —
2331.85 – 1777032000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –