ETH/USDT – 30M – BUY

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance line at 3824.560000000 will continue.

Caution: A possible trend reversal in the direction of the support zone at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 3824.56 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 3824.560000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bullish Belt Hold’ candlestick pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

3824.560000000 – 3608.300000000 – 3671.500000000 – 3526.440000000 – 3477.580000000 – 3361.200000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern