ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 4817.400000000 will continue.
Caution: A possible change in the direction of the support zone at 4207.390000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two-Candle Shooting Star’ candlestick chart pattern is existing. The chart forms ‘Two-Candle Shooting Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4887.590000000 |
| Next High | 4817.400000000 |
| Current Price | 4798.320000000 |
| Next Low | 4207.390000000 |
| 2nd Low | 4204.200000000 |
| 3rd Low | 4106.370000000 |
4817.400000000 – 4887.590000000 – 4328.370000000 – 4207.390000000 – 4204.200000000 – 4106.370000000 — 61.178195034309 – 61.816269110785
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – Double top chart pattern – –