ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 3425.000000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 3310.770000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3425.000000000 |
| Current Price | 3473.190000000 |
| Next Low | 3310.770000000 |
| 2nd Low | 2932.460000000 |
| 3rd Low | 2903.850000000 |
3425.000000000 – 3152.530000000 – 3097.320000000 – 3310.770000000 – 2932.460000000 – 2940.240000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up –