Buy ETH/USDT – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance line at 3442.500000000 is expected.

Caution: A possible change in the direction of the support line at 3014.500000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3442.5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 3442.500000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 3442.500000000
Current Price 3331.480000000
Next Low 3014.500000000
2nd Low 2357.590000000
3rd Low 2330.660000000

Download ETH/USDT Signal Image

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