The combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 4498.470000000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 4210.610000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4956.780000000 |
| 2nd High | 4663.930000000 |
| Next High | 4498.470000000 |
| Current Price | 4464.800000000 |
| Next Low | 4210.610000000 |
| 2nd Low | 4060.000000000 |
| 3rd Low | 3546.000000000 |
4498.470000000 – 4663.930000000 – 4956.780000000 – 4210.610000000 – 4257.200000000 – 4311.040000000 — 48.524804417661 – 56.79762528209
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Double top retreat up – –