The currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 1775.78 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1565.26 should be noted.
Consider stop-loss settings accordingly.
Also there is a ” indicator layout is found. The indicator shows ”. this is usually a bullish signal. The currency pair is likely to rise.
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Also there is a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. 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 | 1796.08 |
| 2nd High | 1779.9 |
| Next High | 1775.78 |
| Current Price | 1791.020000000 |
| Next Low | 1565.26 |
| 2nd Low | 1552.92 |
| 3rd Low | 1550.2 |
1775.78 – 1725 – 1646.26 – 1565.26 – 1552.92 – 1550.2 —
1761.270000000 – 1778.630000000 —
60.734633984877 – 63.896228884788 —
– —
1775.78 – 1783112400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –