ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 3083.000000000 will persist.
Caution: A possible trend reversal in the direction of support at 2940.240000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3083.000000000 |
| Current Price | 3013.610000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3020.310000000 – 2979.780000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers –