ETH/USDT – 1H – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards

An ascent upwards to the next resistance at 3834.030000000 will continue.

Caution: A possible counter-trend in the direction of the support line at 3716.040000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3886.44 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 3834.030000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency 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%.

3834.030000000 – 3886.440000000 – 3782.830000000 – 3716.040000000 – 3709.390000000 – 3599.440000000 — 55.122690627875 – 60.657127011905

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern –