ETH/USDT – 4H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 2722.300000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 2357.590000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2769.480000000 |
| Next High | 2722.300000000 |
| Current Price | 3086.270000000 |
| Next Low | 2357.590000000 |
| 2nd Low | 2330.660000000 |
| 3rd Low | 2310.000000000 |