The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 2415.5 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 2308.5 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 2415.5 |
| Current Price | 2348.660000000 |
| Next Low | 2308.5 |
| 2nd Low | 2302.9 |
| 3rd Low | 2175.68 |
2415.5 – 2218.13 – 2329.93 – 2308.5 – 2302.9 – 2175.68 —
2333.000000000 – 2349.460000000 —
54.458776610573 – 54.305146691338 —
– —
2415.5 – 1776175200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –