The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 1881.59 is expected.
Caution: A possible change in the direction of support at 1750.2 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1929.48 |
| 2nd High | 1894.38 |
| Next High | 1881.59 |
| Current Price | 1831.710000000 |
| Next Low | 1750.2 |
| 2nd Low | 1737.68 |
| 3rd Low | 1731.99 |
1881.59 – 1894.38 – 1929.48 – 1862.57 – 1908.12 – 1864.38 —
1853.080000000 – 1830.940000000 —
36.44946488428 – 30.294979231703 —
– —
1881.59 – 1784239200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –