ETH/USDT – 1H – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 2932.460000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 3480.19 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The 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’ heading up is 82%.

3480.190000000 – 3083.000000000 – 3020.310000000 – 2932.460000000 – 2940.240000000 – 2903.850000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern