Also there is a ‘Double bottom chart pattern’ chart pattern is discovered. The formation shows ‘Double 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 descending trendline up.
An ascent up to the next resistance at 3832.000000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 3677.650000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3886.440000000 |
| 2nd High | 3834.030000000 |
| Next High | 3832.000000000 |
| Current Price | 3843.920000000 |
| Next Low | 3677.650000000 |
| 2nd Low | 3601.560000000 |
| 3rd Low | 3599.440000000 |
3832.000000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3744.160000000 – 3716.040000000 — 61.278504364666 – 64.760590012038
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern –