ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 2726.780000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 2477.730000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle pattern is found. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. 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 | |
| 2nd High | 2788.000000000 |
| Next High | 2726.780000000 |
| Current Price | 2758.500000000 |
| Next Low | 2477.730000000 |
| 2nd Low | 2457.000000000 |
| 3rd Low | 2381.490000000 |
2726.780000000 – 2548.630000000 – 2544.360000000 – 2477.730000000 – 2490.580000000 – 2457.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers