ETH/USDT – 4H – BUYThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 2107.67 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1928.88 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Inside Up’ candle pattern is existing. The chart forms ‘Three Inside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3045.78 |
| 2nd High | 2152.03 |
| Next High | 2107.67 |
| Current Price | 2018.070000000 |
| Next Low | 1928.88 |
| 2nd Low | 1897.24 |
| 3rd Low | 1747.8 |
2107.67 – 2152.03 – 3045.78 – 1928.88 – 1897.24 – 1747.8 —
1988.400000000 – 2004.000000000 —
44.251817930981 – 48.544917749143 —
– —
2107.67 – 1771056000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Up – Double bottom chart pattern – –