ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 4388.650000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at could occur.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4576.000000000 |
| 2nd High | 4533.950000000 |
| Next High | 4388.650000000 |
| Current Price | 4308.930000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4388.650000000 – 4533.950000000 – 4576.000000000 – 4193.770000000 – 4225.860000000 – 4427.440000000 — 56.186935510872 – 56.814957100137
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –