ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 3071.37 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 2888.69 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 3071.37 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 3071.37 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 3071.37 |
| Current Price | 3021.030000000 |
| Next Low | 2888.69 |
| 2nd Low | 2857.32 |
| 3rd Low | 2785.04 |
3071.37 – 2984 – 2987 – 2888.69 – 2857.32 – 2785.04 — 52.198584204936 – 55.289802495707 — 15.108046454251 – 29.612096526658 – 6.9661940697017 – 16.243540067436
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –