ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 3140 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3054.65 could happen.
Consider stop-loss settings accordingly.
Then a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.
Then a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3308.86 |
| 2nd High | 3301.6 |
| Next High | 3140 |
| Current Price | 3139.380000000 |
| Next Low | 3054.65 |
| 2nd Low | 3020.79 |
| 3rd Low | 2977.74 |
3140 – 3301.6 – 3308.86 – 3054.65 – 3125.42 – 3183.27 — 50.542928655023 – 59.76527518516 — 44.930301955128 – 68.436822061635 – 45.96756558575 – 50.93394018055
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Triple top chart pattern – –