ETH/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 4956.780000000 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 4207.390000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Next a ‘Three Outside Up’ chart pattern is discovered. The chart forms ‘Three Outside Up’. 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

4956.780000000 – 4817.400000000 – 4887.590000000 – 4207.390000000 – 4204.200000000 – 4106.370000000 — 37.830773115314 – 38.06380371695

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – Triple top chart pattern – –