ETH/USDT – 30M – BUY

The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 4349.810000000 is expected.

Caution: A possible counter-trend in the direction of the support zone at 4186.160000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI cross above 70’ indicator signal is discovered. The indicator shows ‘RSI cross above 70’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles show ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

4349.810000000 – 4332.600000000 – 4246.650000000 – 4186.160000000 – 4153.070000000 – 4160.000000000 — 49.279591860451 – 51.010272121926

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish SBS White Lines – Double bottom chart pattern – –