ETH/USDT – 30M – BUY

The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards

An ascending movement up to the next resistance level at 1971.95 is expected.

Caution: A possible change in the direction of the support zone at 1916.14 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1976.37376 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1971.95 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1971.95 – 1979.8 – 1977.35 – 1916.14 – 1925.06 – 1930 —
1948.960000000 – 1953.470000000 —
47.278311406637 – 48.092186260291 —
– —
1971.95 – 1773001800

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