ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 3509.990000000 will persist.
Caution: A possible change in the direction of the support level at 3313.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3547.950000000 |
| 2nd High | 3514.940000000 |
| Next High | 3509.990000000 |
| Current Price | 3455.670000000 |
| Next Low | 3313.880000000 |
| 2nd Low | 3305.000000000 |
| 3rd Low | 3304.630000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing