ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 2979.780000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 2903.850000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ chart pattern is found. The candles form ‘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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3040.150000000 |
| Next High | 2979.780000000 |
| Current Price | 2944.890000000 |
| Next Low | 2903.850000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
2979.780000000 – 3040.150000000 – 2590.570000000 – 2903.850000000 – 2923.320000000 – 2512.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up –