ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 2095 is expected.
Caution: A possible counter-trend in the direction of the support line at 2017.59 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2199 |
| 2nd High | 2163.66 |
| Next High | 2095 |
| Current Price | 2119.190000000 |
| Next Low | 2017.59 |
| 2nd Low | 2007.17 |
| 3rd Low | 1989.12 |
2095 – 2085.58 – 2088.19 – 2017.59 – 2007.17 – 2008.65 —
2082.000000000 – 2067.540000000 —
58.607757012717 – 54.331475574982 —
– —
2095 – 1773324000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –