Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1660.46008 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1693.67 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1796.08 |
| 2nd High | 1779.9 |
| Next High | 1693.67 |
| Current Price | 1647.820000000 |
| Next Low | 1552.95 |
| 2nd Low | 1546.06 |
| 3rd Low | 1504.63 |
1629.82 – 1693.67 – 1680.46 – 1552.95 – 1658.18 – 1635.65 —
1622.870000000 – 1620.970000000 —
48.87939191765 – 48.818407735849 —
– —
1629.82 – 1782338400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –