The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 3153 is expected.
Caution: A possible counter-trend in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Three White Soldiers’ chart pattern is existing. The chart forms ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3180.51 |
| 2nd High | 3178.42 |
| Next High | 3153 |
| Current Price | 3123.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3153 – 3178.42 – 3180.51 – 3090.800000000 – 3075.38 – 3013.73 — 52.766554085731 – 53.560898286903 — 58.528290530761 – 82.083087154448 – 44.477784352154 – 60.961518577426
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –