ETH/USDT – 4H – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 2635.500000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 2474.240000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Rising Window’ candle pattern is found. The chart forms ‘Rising Window’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Rising Window’ going up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2680.340000000 |
| Next High | 2635.500000000 |
| Current Price | 2965.150000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2635.500000000 – 2525.000000000 – 2520.920000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Rising Window – Double bottom chart pattern