ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 2987 is likely expected.
Caution: A possible change in the direction of the support level at 2857.32 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 2987 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 2987 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2944.510000000 |
| Next Low | 2857.32 |
| 2nd Low | 2788 |
| 3rd Low | 2763 |
2987 – 2885.75 – 2858.16 – 2857.32 – 2865.09 – 2788 — 50.183610001793 – 51.279244844358 — 17.103555168071 – 24.723708823341 – 13.729081286685 – 16.486255487208
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Double bottom chart pattern – –