ETH/USDT – 4H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement 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 line at 2474.240000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3040.150000000 |
| Current Price | 3065.410000000 |
| 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 – Double bottom retreat down