ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 3308.86 is certain.
Caution: A possible change in the direction of the support level at 3203.34 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 3308.86 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 3308.86 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two-Candle Shooting Star’ candle chart pattern is detected. The chart shows ‘Two-Candle Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3565.84 |
| Next High | 3308.86 |
| Current Price | 3241.710000000 |
| Next Low | 3203.34 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3308.86 – 3253.76 – 3265.66 – 3203.34 – 3126 – 3020.79 — 51.491319540317 – 51.783586416108 — 23.629214240005 – 27.699471220235 – 19.925510536302 – 23.259854276829
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – – –