ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 4956.780000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 4311.040000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4956.780000000 |
| Current Price | 4614.660000000 |
| Next Low | 4311.040000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4956.780000000 – 4817.400000000 – 4887.590000000 – 4311.040000000 – 4207.390000000 – 4204.200000000 — 57.367641317595 – 58.267238241608
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –