The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 3748.900000000 is considered certain.
Caution: A possible change in the direction of the support line at 3616.540000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. 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 | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3748.900000000 |
| Current Price | 3741.820000000 |
| Next Low | 3616.540000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3748.900000000 – 3798.650000000 – 3860.000000000 – 3616.540000000 – 3719.000000000 – 3681.600000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers –