ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline upwards
An ascent upwards to the next resistance level at 3169.95 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 2512 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Shooting Star’ chart pattern is discovered. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3249 |
| 2nd High | 3223.38 |
| Next High | 3169.95 |
| Current Price | 2862.090000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
3169.95 – 3223.38 – 3249 – 2946.56 – 3004 – 3131.78 — 36.073057844427 – 36.241539584781 — 39.829497500197 – 40.865833569413 – 36.777823913019 – 39.483588605689
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –