ETH/USDT – 1H – BUYNext a ‘Double bottom chart pattern’ chart formation is detected. The chart picture forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 3782.830000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 3709.390000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3782.830000000 |
| Current Price | 3791.010000000 |
| Next Low | 3709.390000000 |
| 2nd Low | 3599.440000000 |
| 3rd Low | 3502.850000000 |
3782.830000000 – 3771.000000000 – 3665.310000000 – 3709.390000000 – 3599.440000000 – 3502.850000000 — 60.954643067244 – 64.849425579842
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Double bottom chart pattern –