ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at will persist.
Caution: A possible counter-trend in the direction of support at 2932.460000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two-Candle Shooting Star’ candle pattern is discovered. The candles show ‘Two-Candle Shooting Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3196.830000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3152.530000000 – 3097.320000000 – 2995.890000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two-Candle Shooting Star –