ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 2987 is certain.
Caution: A possible trend reversal in the direction of the support line at 2865.09 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which 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 probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2949.490000000 |
| Next Low | 2865.09 |
| 2nd Low | 2788 |
| 3rd Low | 2763 |
2987 – 2885.75 – 2858.16 – 2865.09 – 2788 – 2763 — 58.709996357272 – 62.158026096093 — 99.385662512154 – 100 – 93.805604758592 – 99.516780105483
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –