ETH/USDT – 1H – BUY

The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 4107.800000000 is expected.

Caution: A possible reversal of the trend in the direction of support at 3593.700000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 3650.44 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 4107.800000000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Advance Block’ chart pattern is found. The candles form ‘Advance Block’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

Download ETH/USDT Signal Image

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Advance Block