ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 3219.970000000 is expected.
Caution: A possible change in the direction of the support level at 3042.930000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3172.75 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 3219.970000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3442.500000000 |
| 2nd High | 3331.000000000 |
| Next High | 3219.970000000 |
| Current Price | 3168.010000000 |
| Next Low | 3042.930000000 |
| 2nd Low | 3034.990000000 |
| 3rd Low | 3014.500000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers