ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline up.
The bullish trend up to the next resistance level at 3878.670000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 3677.650000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘RSI cross above 30’ indicator signal is existing. The indicator is ‘RSI cross above 30’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Two-Candle Shooting Star’ candlestick pattern is discovered. The candles form ‘Two-Candle Shooting Star’. which is a negative 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 | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3685.900000000 |
| Next Low | 3677.650000000 |
| 2nd Low | 3601.560000000 |
| 3rd Low | 3599.440000000 |
3878.670000000 – 3832.000000000 – 3834.030000000 – 3677.650000000 – 3744.160000000 – 3716.040000000 — 22.420208841094 – 23.800806926359
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – Double top chart pattern –