The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 2199 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1835.36 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 2113.614 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 2199 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3045.78 |
| Next High | 2199 |
| Current Price | 2033.910000000 |
| Next Low | 1835.36 |
| 2nd Low | 1800 |
| 3rd Low | 1747.8 |
2199 – 2090 – 2148.39 – 1835.36 – 1800 – 1907 —
1960.410000000 – 2022.000000000 —
39.888296616023 – 50.448436253957 —
– —
2199 – 1772640000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –