ETH/USDT – 4H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 3447.44 is certain.
Caution: A possible counter-trend in the direction of support at 2907.52 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The 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 | 3918.23 |
| 2nd High | 3658.98 |
| Next High | 3447.44 |
| Current Price | 3089.850000000 |
| Next Low | 2907.52 |
| 2nd Low | 2716.04 |
| 3rd Low | 2623.57 |
3447.44 – 3240.35 – 3099 – 2907.52 – 2716.04 – 2623.57 — 41.353289700775 – 41.967631638934 — 1.7579694932244 – 4.5854473676353 – 8.7945869721975 – 4.826318682062
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –