ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 1725 is expected.
Caution: A possible change in the direction of the support zone at 1565.26 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Harami Cross’ candle chart pattern is detected. The chart shows ‘Bearish Harami Cross’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1796.08 |
| 2nd High | 1779.9 |
| Next High | 1725 |
| Current Price | 1742.540000000 |
| Next Low | 1565.26 |
| 2nd Low | 1552.92 |
| 3rd Low | 1550.2 |
1725 – 1646.26 – 1604.02 – 1565.26 – 1552.92 – 1550.2 —
1715.330000000 – 1731.250000000 —
65.307294041996 – 71.690785419039 —
– —
1725 – 1783000800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami Cross – Rising Wedge Chart Pattern – –