ETH/USDT – 4H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance at 3771.000000000 will continue.
Caution: A possible change in the direction of the support level at 3502.850000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami Cross’ candle pattern is found. The chart shows ‘Bearish Harami Cross’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3739.780000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 2932.460000000 |
| 3rd Low | 2474.240000000 |
3771.000000000 – 3860.000000000 – 3673.840000000 – 3502.850000000 – 2932.460000000 – 2474.240000000 — 56.675222295701 – 56.696657688112
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami Cross – Double bottom chart pattern –