ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline up.
A bullish ascent up to the next resistance level at 3223.38 will continue.
Caution: A possible change in the direction of the support level at 3004 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Two-Candle Shooting Star’ candlestick pattern is existing. The chart shows ‘Two-Candle Shooting Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 3023.540000000 |
| Next Low | 3004 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3223.38 – 3249 – 3230 – 3004 – 3026 – 3131.78 — 37.256385914268 – 37.330099378887 — 44.253515073505 – 57.022125462613 – 33.099996527647 – 44.788288445014
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – – –