ETH/USDT – 4H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 2932.460000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Line Strike – Bullish’ candle chart pattern is existing. The candles form ‘Three Line Strike – Bullish’. 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 Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3473.510000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
3040.150000000 – 2635.500000000 – 2525.000000000 – 2932.460000000 – 2474.240000000 – 2373.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Line Strike – Bullish – Double bottom chart pattern