ETH/USDT – 1H – BUY

The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline upwards

A continuation of the uptrend up to the next resistance level at 3083.000000000 is likely expected.

Caution: A possible change in the direction of the support line at 2932.460000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3040.7206 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 3083.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.

3083.000000000 – 3020.310000000 – 2979.780000000 – 2932.460000000 – 2940.240000000 – 2903.850000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Double top retreat up