The currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 1856.17 is expected.
Caution: A possible change in the direction of support at 1803.05 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Inverted Hammer’ candlestick chart pattern is detected. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1894.38 |
| 2nd High | 1881.59 |
| Next High | 1856.17 |
| Current Price | 1841.930000000 |
| Next Low | 1803.05 |
| 2nd Low | 1750.2 |
| 3rd Low | 1737.68 |
1856.17 – 1843.26 – 1881.59 – 1803.05 – 1820.74 – 1862.57 —
1846.990000000 – 1840.240000000 —
51.656685951534 – 49.994490069738 —
– —
1856.17 – 1784307600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Inverted Hammer – – –