ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 3265.66 is certain.
Caution: A possible counter-trend in the direction of the support level at 3203.34 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Two-Candle Shooting Star’ candlestick chart pattern is discovered. The chart forms ‘Two-Candle Shooting Star’. which is a bearish pattern 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’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3565.84 |
| Next High | 3265.66 |
| Current Price | 3228.940000000 |
| Next Low | 3203.34 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3265.66 – 3005.98 – 2988.96 – 3203.34 – 3126 – 3020.79 — 57.098904954986 – 57.230146936103 — 26.798934831592 – 31.618529248237 – 17.660141047025 – 24.681278592261
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – – –