ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 2979.780000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 2923.320000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Two-Candle Shooting Star’ candle pattern is existing. The candles show ‘Two-Candle Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3040.150000000 |
| 2nd High | 3010.390000000 |
| Next High | 2979.780000000 |
| Current Price | 2941.270000000 |
| Next Low | 2923.320000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
2979.780000000 – 3010.390000000 – 3040.150000000 – 2923.320000000 – 2936.460000000 – 2512.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two-Candle Shooting Star –