ETH/USDT – 4H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 3177.5 will continue.
Caution: A possible trend reversal in the direction of support at 2910.25 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3658.98 |
| 2nd High | 3447.44 |
| Next High | 3177.5 |
| Current Price | 3272.320000000 |
| Next Low | 2910.25 |
| 2nd Low | 2888.7 |
| 3rd Low | 2775.19 |
3057.78 – 3077.39 – 3020 – 2910.25 – 2888.7 – 2944 — 80.878168442109 – 83.678605833379 — 94.107895282172 – 94.107895282172 – 96.335183010599 – 94.371148104656
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern – –