ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 4454.400000000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 4265.000000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Hammer’ candle chart pattern is discovered. The candles form ‘Hammer’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4633.970000000 |
| 2nd High | 4516.750000000 |
| Next High | 4454.400000000 |
| Current Price | 4366.390000000 |
| Next Low | 4265.000000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4454.400000000 – 4516.750000000 – 4633.970000000 – 4265.000000000 – 4430.000000000 – 4467.630000000 — 51.296472929615 – 52.268818139344
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Hammer – – –