ETH/USDT – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart formation is detected. The chart shows ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 3824.560000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 3681.600000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading 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