ETH/USDT – 30M – BUY

The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance at 4366.460000000 will persist.

Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 4259.765 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 4366.460000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Shooting Star’ candle chart pattern is detected. The candles form ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

4366.460000000 – 4349.810000000 – 4332.600000000 – 4166.770000000 – 4186.160000000 – 4153.070000000 — 40.359937117272 – 40.739815390131

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –