ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 3171.49 is expected.
Caution: A possible change in the direction of the support level at 3065.55 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two-Candle Shooting Star’ chart pattern is found. The chart forms ‘Two-Candle Shooting Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3308.86 |
| Next High | 3171.49 |
| Current Price | 3145.010000000 |
| Next Low | 3065.55 |
| 2nd Low | 3058.69 |
| 3rd Low | 2958.91 |
3171.49 – 3147.27 – 3104.12 – 3065.55 – 3092.59 – 3078.71 — 59.968414756709 – 61.00775767443 — 91.698375069686 – 96.326497494878 – 90.564189481117 – 92.061739332945
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – Double bottom chart pattern – –