ETH/USDT – 1H – BUY

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 2297.59 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 2423.74 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

2423.74 – 2399.5 – 2398.93 – 2313.89 – 2354.34 – 2309.24 —
2337.130000000 – 2297.090000000 —
42.762115479655 – 31.702460059909 —
– —
2423.74 – 1778065200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –