ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 3240.35 is certain.
Caution: A possible trend reversal in the direction of the support zone at 3170.47 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Two-Candle Shooting Star’ candle pattern is found. The chart forms ‘Two-Candle Shooting Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3240.35 |
| Current Price | 3209.780000000 |
| Next Low | 3170.47 |
| 2nd Low | 3030.42 |
| 3rd Low | 2782.19 |
3240.35 – 3145.68 – 3085.56 – 3170.47 – 3030.42 – 2782.19 — 57.755487922489 – 58.140300103621 — 46.800978470608 – 77.868939635656 – 32.521678020858 – 52.736977394129
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two-Candle Shooting Star – – –