ETH/USDT – 1H – BUYBesides a ‘Triple bottom chart pattern’ chart pattern is detected. The chart forms ‘Triple bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.
The combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 3083.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 2932.460000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3083.000000000 |
| Current Price | 3142.700000000 |
| 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 White Soldiers – Triple bottom chart pattern