The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 2295 is likely expected.
Caution: A possible trend reversal in the direction of the support line at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Moreover a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. this is a bullish chart scenario. 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 | 2404.37 |
| 2nd High | 2346.95 |
| Next High | 2295 |
| Current Price | 2286.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2295 – 2275.13 – 2279 – 2252.42 – 2245.82 – 2231.64 —
2279.760000000 – 2284.290000000 —
53.564473671651 – 57.816311203868 —
– —
2295 – 1777604400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Symmetrical Triangle Chart Pattern – –