ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 2784.12 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 2623.57 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Rising Window’ chart pattern is found. The candles show ‘Rising Window’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2905.93 |
| 2nd High | 2806.84 |
| Next High | 2784.12 |
| Current Price | 2747.410000000 |
| Next Low | 2623.57 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2784.12 – 2806.84 – 2905.93 – 2623.57 – 2790.01 – 3022.09 — 49.36260762776 – 54.052073649106 — 51.922764710603 – 75.479199633621 – 38.582433546951 – 53.759071839537
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Rising Window – – –