ETH/USDT – 1H – BUYNext a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 3824.560000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 3681.600000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | 3824.560000000 |
| Current Price | 3841.020000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3824.560000000 – 3608.300000000 – 3673.840000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern