ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1725 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1692.13 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Harami Cross’ chart pattern is detected. The candles show ‘Bearish Harami Cross’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 1692.13 |
| 2nd Low | 1614.32 |
| 3rd Low | 1602.43 |
1725 – 1646.26 – 1631 – 1692.13 – 1614.32 – 1602.43 —
1718.900000000 – 1749.000000000 —
64.76500036999 – 78.660337936519 —
– —
1725 – 1783000800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami Cross – Rising Wedge Chart Pattern – –