ETH/USDT – 1H – BUY

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

An ascending movement up to the next resistance at 2085.58 is likely expected.

Caution: A possible counter-trend in the direction of the support level at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

Additionally a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 2088.19 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 2085.58 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘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’ heading up is 82%.

2085.58 – 2088.19 – 1979.8 – 2007.17 – 2008.65 – 1989.12 —
2056.140000000 – 2052.590000000 —
48.704023023865 – 52.505124835222 —
– —
2085.58 – 1773248400

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