ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 1604.02 is considered certain.
Caution: A possible change in the direction of the support line at 1552.92 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ chart pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1660.54 |
| 2nd High | 1637.58 |
| Next High | 1604.02 |
| Current Price | 1578.440000000 |
| Next Low | 1552.92 |
| 2nd Low | 1550.2 |
| 3rd Low | 1548.37 |
1604.02 – 1582.98 – 1596.25 – 1552.92 – 1550.2 – 1557.35 —
1582.370000000 – 1572.490000000 —
51.497406078698 – 41.960947884068 —
– —
1604.02 – 1782880200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Belt Hold – – –