Buy ETH/USDT – 30M – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance line at 1842.990000000 is expected.

Caution: A possible change in the direction of the support level at 1744.710000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Support & Resistance Price Range*
3rd High 1957.000000000
2nd High 1857.470000000
Next High 1842.990000000
Current Price 1800.490000000
Next Low 1744.710000000
2nd Low 1606.010000000
3rd Low 1562.010000000

Download ETH/USDT Signal Image

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