ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 2852.17 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 2704.33 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Then a ‘Three Outside Up’ candle chart pattern is found. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2852.17 |
| Current Price | 2822.700000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2852.17 – 2806.84 – 3169.95 – 2704.33 – 2623.57 – 2946.56 — 52.097013480584 – 55.187926270632 — 8.0777096114519 – 22.603397187096 – 16.869344526301 – 16.606072397714
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Double bottom retreat down – –