ETH/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 2396.79 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 2119.46 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2396.62 |
| 2nd High | 2343.82 |
| Next High | 2119.46 |
| Current Price | 2061.610000000 |
| Next Low | 1747.8 |
| 2nd Low | 1606.01 |
| 3rd Low | 1546.06 |
2119.46 – 2343.82 – 2396.62 – 2064.1 – 1747.8 – 2076.68 —
2095.820000000 – 2050.170000000 —
46.954421554367 – 35.754022159428 —
– —
2119.46 – 1770436800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Double top retreat up – –