ETH/USDT – 30M – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.

A bullish movement upwards to the next resistance level at 2521.130000000 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 2490.580000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 2544.36 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 2521.130000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which 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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

2521.130000000 – 2544.360000000 – 2525.790000000 – 2490.580000000 – 2508.080000000 – 2457.000000000

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