The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 4328.370000000 will continue.
Caution: A possible change in the direction of support at 4106.370000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Moreover a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. this 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4388.650000000 |
| 2nd High | 4378.000000000 |
| Next High | 4328.370000000 |
| Current Price | 4245.610000000 |
| Next Low | 4106.370000000 |
| 2nd Low | 4060.000000000 |
| 3rd Low | 3647.630000000 |
4328.370000000 – 4378.000000000 – 4242.000000000 – 4106.370000000 – 4060.000000000 – 4193.770000000 — 47.189518916872 – 47.928859924584
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –