ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 2968.49 is expected.
Caution: A possible counter-trend in the direction of the support zone at 2875.77 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. 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 | 3069.07 |
| 2nd High | 3019.26 |
| Next High | 2968.49 |
| Current Price | 2945.250000000 |
| Next Low | 2875.77 |
| 2nd Low | 2866.11 |
| 3rd Low | 2775.19 |
2968.49 – 3019.26 – 2984.71 – 2875.77 – 2892.4 – 2906.02 —
2915.890000000 – 2931.270000000 —
39.494595184376 – 46.381850888564 —
– —
2968.49000 – 1769277600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –