The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 3010.650000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 2940.240000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3040.150000000 |
| 2nd High | 3020.310000000 |
| Next High | 3010.650000000 |
| Current Price | 3066.780000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3010.650000000 – 3020.310000000 – 2967.970000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom retreat down