ETH/USDT – 4H – BUYBesides a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
The pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 2635.500000000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 2474.240000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Rising Window’ candlestick pattern is found. The chart forms ‘Rising Window’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Rising Window’ going up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2680.340000000 |
| Next High | 2635.500000000 |
| Current Price | 2965.150000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2635.500000000 – 2525.000000000 – 2520.920000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Rising Window – Double bottom chart pattern