The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 3886.440000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 3716.040000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3886.44 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 3886.440000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. 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 | 3886.440000000 |
| Current Price | 3828.450000000 |
| Next Low | 3716.040000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3601.560000000 |
3886.440000000 – 3793.000000000 – 3782.830000000 – 3716.040000000 – 3731.000000000 – 3709.390000000 — 62.677216572492 – 63.961535517336
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – –