The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 3694.060000000 will persist.
Caution: A possible change in the direction of support at 3546.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Besides a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. which could be a positive signal. The currency pair could go up.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 3712.335 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 3694.060000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3886.440000000 |
| 2nd High | 3878.670000000 |
| Next High | 3694.060000000 |
| Current Price | 3638.510000000 |
| Next Low | 3546.000000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3624.560000000 – 3694.060000000 – 3878.670000000 – 3546.000000000 – 3555.000000000 – 3565.000000000 — 58.726883804743 – 61.036669811136
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –