ETH/USDT – 4H – BUY

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 2423.75 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 2285.42 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 2402.86926 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 2423.75 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

2423.75 – 2464.91 – 2415.5 – 2285.42 – 2252.72 – 2285.1 —
2328.160000000 – 2320.060000000 —
44.897468010117 – 44.303066024158 —
– —
2423.75 – 1776859200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –