ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 3588.19 is considered certain.
Caution: A possible change in the direction of the support level at 2958.91 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Bearish Harami Cross’ candle pattern is existing. The candles form ‘Bearish Harami Cross’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3658.98 |
| 2nd High | 3648.27 |
| Next High | 3588.19 |
| Current Price | 3277.630000000 |
| Next Low | 2958.91 |
| 2nd Low | 2944.76 |
| 3rd Low | 2910.25 |
3265.66 – 3167.22 – 3028.08 – 2958.91 – 2944.76 – 2910.25 — 63.242029921072 – 63.504717974415 — 40.137981352131 – 52.470467055075 – 27.09412989131 – 39.809301044695
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami Cross – Rising Wedge Chart Pattern – –