ETH/USDT – 1H – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 1796.08 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1671.79 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1796.08 – 1810.21 – 1839.77 – 1671.79 – 1722.24 – 1758 —
1702.970000000 – 1694.240000000 —
35.194359691789 – 39.209662928919 —
– —
1796.08 – 1781715600

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