ETH/USDT – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at is expected.
Caution: A possible trend reversal in the direction of the support line at 2990.580000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle pattern is found. The candles show ‘Three White Soldiers’. 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3126.990000000 |
| Next Low | 2990.580000000 |
| 2nd Low | 2401.300000000 |
| 3rd Low | 2357.590000000 |