ETH/USDT – 30M – BUY

The combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 3878.670000000 is considered certain.

Caution: A possible counter-trend in the direction of support at 3647.630000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart 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 3716.61 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 3878.670000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Inside Up’ candlestick pattern is existing. The chart forms ‘Three Inside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).

3716.610000000 – 3698.600000000 – 3662.000000000 – 3647.630000000 – 3574.050000000 – 3546.000000000 — 67.462403743242 – 68.456616029048

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Up – – –