The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at is likely expected.
Caution: A possible trend reversal in the direction of support at 4166.770000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘StochRSI cross above 20’ indicator layout is found. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. which 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 | |
| Current Price | 4428.230000000 |
| Next Low | 4166.770000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3546.000000000 |
4366.460000000 – 4349.810000000 – 4332.600000000 – 4166.770000000 – 4153.070000000 – 3546.000000000 — 66.805458782705 – 68.01567022234
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Triple bottom chart pattern – –