ETH/USDT – 30M – BUY

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

The bullish trend up to the next resistance at 2521.130000000 will continue.

Caution: A possible trend reversal in the direction of the support line at 2490.580000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2544.36 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 2521.130000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Bearish SBS White Lines’ chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

2521.130000000 – 2544.360000000 – 2525.790000000 – 2490.580000000 – 2508.080000000 – 2457.000000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish SBS White Lines