ETH/USDT – 1H – BUYFurthermore a ‘Triple bottom chart pattern’ chart pattern is detected. The formation shows ‘Triple bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at is certain.
Caution: A possible trend reversal in the direction of the support level at 2932.460000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart shows ‘Three Outside Up’. which 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 | |
| Next High | |
| Current Price | 3317.090000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3020.310000000 – 2979.780000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern