ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 3337.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 3158.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive chart scenario. 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3386.360000000 |
| 2nd High | 3346.000000000 |
| Next High | 3337.000000000 |
| Current Price | 3266.710000000 |
| Next Low | 3158.000000000 |
| 2nd Low | 3032.590000000 |
| 3rd Low | 3029.410000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up