ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 3304.630000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 3434.350000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3514.940000000 |
| 2nd High | 3437.590000000 |
| Next High | 3434.350000000 |
| Current Price | 3324.160000000 |
| Next Low | 3304.630000000 |
| 2nd Low | 3216.970000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing