Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 2398.93 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 2398.93 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘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 probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.75 |
| 2nd High | 2404.37 |
| Next High | 2398.93 |
| Current Price | 2382.430000000 |
| Next Low | 2314.25 |
| 2nd Low | 2309.24 |
| 3rd Low | 2297.59 |
2379.52 – 2398.93 – 2343.6 – 2314.25 – 2309.24 – 2297.59 —
2354.580000000 – 2377.800000000 —
48.564250219642 – 58.37724730405 —
– —
2379.52 – 1777905000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three White Soldiers – – –