The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 2085.58 will continue.
Caution: A possible change in the direction of the support zone at 2017.59 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2069.06928 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 2085.58 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. 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 | 2099.36 |
| 2nd High | 2088.19 |
| Next High | 2085.58 |
| Current Price | 2062.600000000 |
| Next Low | 2017.59 |
| 2nd Low | 2007.17 |
| 3rd Low | 1989.12 |
2085.58 – 2088.19 – 2074 – 2017.59 – 2007.17 – 2018 —
2028.300000000 – 2048.930000000 —
38.801434322312 – 49.96853640994 —
– —
2085.58 – 1773248400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –