ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 2520.920000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 2389.690000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 2548.420000000 |
| 2nd High | 2546.910000000 |
| Next High | 2520.920000000 |
| Current Price | 2442.380000000 |
| Next Low | 2389.690000000 |
| 2nd Low | 2111.890000000 |
| 3rd Low | 1787.010000000 |
2520.920000000 – 2460.300000000 – 2546.910000000 – 2389.690000000 – 2111.890000000 – 2216.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers –