ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 2396.62 is certain.
Caution: A possible counter-trend in the direction of support at 2157.14 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3069.07 |
| 2nd High | 3045.78 |
| Next High | 2396.62 |
| Current Price | 2312.210000000 |
| Next Low | 2157.14 |
| 2nd Low | 2111.89 |
| 3rd Low | 1778.94 |
2396.62 – 3045.78 – 3035.08 – 2157.14 – 2250 – 2636.01 —
2354.990000000 – 2288.490000000 —
52.779174214285 – 39.331507699605 —
– —
2396.62 – 1770044400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –