ETH/USDT – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 4508.710000000 is expected.

Caution: A possible counter-trend in the direction of support at 4456.430000000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 4528.21 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 4508.710000000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

4508.710000000 – 4484.810000000 – 4544.440000000 – 4456.430000000 – 4435.700000000 – 4558.150000000 — 52.502374973845 – 53.625728534623

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