ETH/USDT – 4H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 3673.840000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 2932.460000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3673.840000000 |
| Current Price | 3810.850000000 |
| 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 – Double bottom chart pattern