ETH/USDT – 1H – BUY

The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance line at 4340.150000000 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 4060.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 4366.335 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 4340.150000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

4340.150000000 – 4388.650000000 – 4576.000000000 – 4060.000000000 – 4225.860000000 – 4372.540000000 — 51.747293536914 – 54.879535356584

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –