The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 2932.460000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 3673.84 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. this 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 | |
| 2nd High | |
| Next High | |
| Current Price | 3767.060000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
3673.840000000 – 3040.150000000 – 2635.500000000 – 2932.460000000 – 2474.240000000 – 2373.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Triple bottom chart pattern