The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1994.98 is certain.
Caution: A possible change in the direction of the support level at 1955.95 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The 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 | 2099.36 |
| 2nd High | 1996.04 |
| Next High | 1994.98 |
| Current Price | 1966.420000000 |
| Next Low | 1955.95 |
| 2nd Low | 1945.08 |
| 3rd Low | 1929.56 |
1994.98 – 1996.04 – 2099.36 – 1964.34 – 1955.95 – 2054.75 —
1981.030000000 – 1964.060000000 —
43.636258661434 – 29.242667653827 —
– —
1994.98 – 1772881200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –