ETH/USDT – 4H – BUY

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

A bullish trend up to the next resistance line at 4490.000000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 4236.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 4436.86796 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 4490.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

4384.060000000 – 4490.000000000 – 4490.640000000 – 4236.000000000 – 4210.610000000 – 4257.200000000 — 58.139790917166 – 60.266662923888

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