ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline up.
A bullish trend upwards to the next resistance at 4340.150000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 3546.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Shooting Star’ candlestick pattern is existing. The candles form ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4576.000000000 |
| 2nd High | 4388.650000000 |
| Next High | 4340.150000000 |
| Current Price | 4109.940000000 |
| Next Low | 3546.000000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
4340.150000000 – 4388.650000000 – 4576.000000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 34.385098779963 – 35.302959078642
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –