Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 3035.08 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 3035.08 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3035.08 |
| Current Price | 3010.270000000 |
| Next Low | 2899.77 |
| 2nd Low | 2875.77 |
| 3rd Low | 2866.11 |
3035.08 – 2957.04 – 2968.49 – 2899.77 – 2875.77 – 2943.84 —
3021.200000000 – 3008.830000000 —
62.750070415724 – 52.396861764939 —
– —
3035.08000 – 1769556600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –