The combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 4563.000000000 will continue.
Caution: A possible counter-trend in the direction of support at 4504.110000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4663.930000000 |
| 2nd High | 4633.970000000 |
| Next High | 4563.000000000 |
| Current Price | 4615.440000000 |
| Next Low | 4504.110000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4563.000000000 – 4481.090000000 – 4453.570000000 – 4504.110000000 – 4350.010000000 – 4300.590000000 — 73.247566214862 – 73.632040060981
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –