And also a ‘Double bottom chart pattern’ chart layout is existing. The chart shows ‘Double bottom 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 upwards
An ascending movement upwards to the next resistance line at 3665.310000000 is expected.
Caution: A possible change in the direction of the support level at 3502.850000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
And also a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. this is usually a bullish chart signal. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3798.650000000 |
| 2nd High | 3764.200000000 |
| Next High | 3665.310000000 |
| Current Price | 3734.440000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 3361.200000000 |
3665.310000000 – 3764.200000000 – 3748.900000000 – 3502.850000000 – 3527.000000000 – 3655.190000000 — 54.979763614951 – 68.519785442347
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Double bottom chart pattern –