ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 3320.180000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 3224.490000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candlestick pattern is found. The chart forms ‘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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3386.360000000 |
| 2nd High | 3322.490000000 |
| Next High | 3320.180000000 |
| Current Price | 3308.560000000 |
| Next Low | 3224.490000000 |
| 2nd Low | 3217.560000000 |
| 3rd Low | 3193.970000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up