The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 4453.570000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 4300.590000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Harami Cross’ chart pattern is detected. The candles form ‘Bearish Harami Cross’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.640000000 |
| 2nd High | 4490.000000000 |
| Next High | 4453.570000000 |
| Current Price | 4376.900000000 |
| Next Low | 4300.590000000 |
| 2nd Low | 4277.060000000 |
| 3rd Low | 4276.760000000 |
4453.570000000 – 4381.870000000 – 4384.060000000 – 4300.590000000 – 4277.060000000 – 4276.760000000 — 59.880628986916 – 59.924521745994
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami Cross – Triple bottom chart pattern – –