The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 2032.31 will continue.
Caution: A possible trend reversal in the direction of the support level at 1866.13 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
Additionally a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2147.73 |
| 2nd High | 2046.94 |
| Next High | 2032.31 |
| Current Price | 1987.810000000 |
| Next Low | 1866.13 |
| 2nd Low | 1747.8 |
| 3rd Low | 1731.7 |
2032.31 – 2046.94 – 2147.73 – 1989.38 – 1995.83 – 2008.62 —
1953.720000000 – 1954.670000000 —
27.800474523871 – 36.469376824382 —
– —
2032.31 – 1770775200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –