The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline upwards
A bullish trend upwards to the next resistance line at 3694.060000000 will continue.
Caution: A possible change in the direction of the support level at 3565.000000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3886.440000000 |
| 2nd High | 3878.670000000 |
| Next High | 3694.060000000 |
| Current Price | 3605.530000000 |
| Next Low | 3565.000000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3694.060000000 – 3878.670000000 – 3832.000000000 – 3565.000000000 – 3677.650000000 – 3744.160000000 — 43.367168937229 – 45.491207312527
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –