ETH/USDT – 30M – BUYFurthermore a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 2559.510000000 is expected.
Caution: A possible counter-trend in the direction of support at 2492.000000000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 2563.01272 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 2559.510000000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2585.200000000 |
| 2nd High | 2583.240000000 |
| Next High | 2559.510000000 |
| Current Price | 2569.670000000 |
| Next Low | 2492.000000000 |
| 2nd Low | 2488.720000000 |
| 3rd Low | 2481.200000000 |
2559.510000000 – 2553.080000000 – 2546.190000000 – 2492.000000000 – 2508.450000000 – 2488.720000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up