ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 2784.12 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 2704.33 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 2896.76 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 2784.12 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2905.93 |
| 2nd High | 2806.84 |
| Next High | 2784.12 |
| Current Price | 2755.480000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2784.12 – 2806.84 – 2905.93 – 2704.33 – 2623.57 – 2790.01 — 54.55085033057 – 56.540238870211 — 93.069780590167 – 93.069780590167 – 86.341057981028 – 92.006071830212
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –