ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 3747.000000000 is certain.
Caution: A possible change in the direction of the support level at 3599.440000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 3707.7166 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 3747.000000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Two-Candle Shooting Star’ chart pattern is existing. The chart shows ‘Two-Candle Shooting Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3798.650000000 |
| 2nd High | 3771.000000000 |
| Next High | 3747.000000000 |
| Current Price | 3650.250000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3747.000000000 – 3771.000000000 – 3665.310000000 – 3599.440000000 – 3502.850000000 – 3527.000000000 — 44.578269516946 – 44.696126578095
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – Double top retreat up –