ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 3097.320000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2932.460000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3097.320000000 |
| Current Price | 3128.890000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3097.320000000 – 2995.890000000 – 3023.200000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up –