ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at is certain.
Caution: A possible trend reversal in the direction of the support zone at 2932.460000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Up’ chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3669.900000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3480.190000000 – 3083.000000000 – 3020.310000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern