ETH/USDT – 4H – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 3040.150000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 2474.240000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3040.150000000 |
| Current Price | 2946.710000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
3040.150000000 – 2635.500000000 – 2525.000000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers –