ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 3002 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 2920 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3236.26 |
| Next High | 3002 |
| Current Price | 2981.090000000 |
| Next Low | 2920 |
| 2nd Low | 2919.44 |
| 3rd Low | 2914.03 |
3002 – 3236.26 – 3368.82 – 2920 – 3085.17 – 3165.38 —
2967.220000000 – 2940.820000000 —
41.113136038122 – 35.487451006813 —
– —
3002.00000 – 1768973400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –