ETH/USDT – 4H – BUYThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 2834.860000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 2481.200000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Mat Hold’ candle chart pattern is discovered. The candles show ‘Mat Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Mat Hold’ going up is 78% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2834.860000000 |
| Current Price | 2548.760000000 |
| Next Low | 2481.200000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2381.490000000 |
2834.860000000 – 2679.880000000 – 2788.000000000 – 2481.200000000 – 2477.730000000 – 2381.490000000