ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 2903.850000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3053.010000000 |
| Next Low | 2903.850000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
3020.310000000 – 2979.780000000 – 3040.150000000 – 2903.850000000 – 2923.320000000 – 2512.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers –