ETH/USDT – 1H – BUYIn addition a ‘Triple bottom chart pattern’ chart formation is existing. The formation shows ‘Triple bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at is certain.
Caution: A possible counter-trend in the direction of the support line at 2932.460000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3317.090000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3020.310000000 – 2979.780000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern