The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 2147.73 is considered certain.
Caution: A possible change in the direction of the support level at 1897.24 could occur.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
Next a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive chart scenario. 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 | 2396.62 |
| 2nd High | 2343.82 |
| Next High | 2147.73 |
| Current Price | 2088.520000000 |
| Next Low | 1897.24 |
| 2nd Low | 1747.8 |
| 3rd Low | 1606.01 |
2073.68 – 2001.42 – 2015.81 – 1897.24 – 1903.19 – 1989.38 —
2078.250000000 – 2089.280000000 —
72.252253210959 – 62.023214605387 —
– —
2073.68 – 1770998400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –