ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 2590.570000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 2512.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. which 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2635.500000000 |
| Next High | 2590.570000000 |
| Current Price | 2965.150000000 |
| Next Low | 2512.000000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
2590.570000000 – 2635.500000000 – 2619.280000000 – 2512.000000000 – 2474.240000000 – 2565.310000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern