ETH/USDT – 1H – BUY

The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 3694.060000000 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 3546.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 3716.22 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 3694.060000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive signal. The currency 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%.

3694.060000000 – 3878.670000000 – 3834.030000000 – 3546.000000000 – 3565.000000000 – 3677.650000000 — 53.611454313743 – 58.208052851482

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –