The currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 4576.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4788.000000000 |
| Next High | 4576.000000000 |
| Current Price | 4366.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4576.000000000 – 4788.000000000 – 3878.670000000 – 4368.000000000 – 3546.000000000 – 3502.850000000 — 52.806287519163 – 54.01829268954
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –