ETH/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance level at 1749.55 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1679.11 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1755.78 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1749.55 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1749.55 – 1796.08 – 1810.21 – 1679.11 – 1671.79 – 1722.24 —
1730.710000000 – 1717.640000000 —
48.671768789047 – 31.979494721947 —
– —
1749.55 – 1781967600

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