ETH/USDT – 30M – BUY

The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance at 1733.89 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1679.11 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

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

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1741.4668 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1733.89 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The 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).

1733.89 – 1712.06 – 1719.51 – 1679.11 – 1682.35 – 1671.79 —
1728.310000000 – 1717.560000000 —
65.587494081041 – 41.942558892823 —
– —
1733.89 – 1781931600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –