ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 2852.170000000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 2704.33 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2852.170000000 |
| Current Price | 2843.650000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2852.170000000 – 2806.84 – 3169.95 – 2704.33 – 2623.57 – 2946.56 — 62.362742061484 – 64.100743854964 — 60.571386645888 – 76.702508960573 – 59.284164062882 – 64.246616017464
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –