ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 3223.38 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 2946.56 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 3106.870000000 |
| Next Low | 2946.56 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3223.38 – 3249 – 3230 – 2946.56 – 3004 – 3131.78 — 50.023995376729 – 59.095673501215 — 86.412966125818 – 91.928195274694 – 87.973835278489 – 88.029580605371
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –