ETH/USDT – 30M – BUY

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

A bullish ascent up to the next resistance line at 4242.000000000 is expected.

Caution: A possible trend reversal in the direction of the support level at 4060.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 4296.975 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 4242.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

4242.000000000 – 4340.150000000 – 4388.650000000 – 4060.000000000 – 4193.770000000 – 4225.860000000 — 55.410152912808 – 59.325148165895

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –