ETH/USDT – 4H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 3040.150000000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 2932.460000000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. 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 | 3040.150000000 |
| Current Price | 3335.980000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
3040.150000000 – 2635.500000000 – 2525.000000000 – 2932.460000000 – 2474.240000000 – 2373.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern