The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 2390.74 is considered certain.
Caution: A possible change in the direction of the support zone at 2344.83 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Advance Block’ candle chart pattern is existing. The chart forms ‘Advance Block’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2404.37 |
| 2nd High | 2398.93 |
| Next High | 2390.74 |
| Current Price | 2390.000000000 |
| Next Low | 2344.83 |
| 2nd Low | 2314.25 |
| 3rd Low | 2309.24 |
2390.74 – 2379.52 – 2398.93 – 2344.83 – 2314.25 – 2309.24 —
2380.000000000 – 2387.640000000 —
55.612164188615 – 62.61282909658 —
– —
2390.74 – 1777959000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Advance Block – – –