ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 2784.120000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2623.57 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three Inside Up’ candle chart pattern is found. The chart shows ‘Three Inside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2905.93 |
| 2nd High | 2806.84 |
| Next High | 2784.120000000 |
| Current Price | 2751.370000000 |
| Next Low | 2623.57 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2784.120000000 – 2806.84 – 2905.93 – 2623.57 – 2790.01 – 3022.09 — 47.696327168034 – 49.52417114363 — 26.763175194605 – 31.494242987475 – 25.68820975573 – 25.797618594353
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Up – – –