ETH/USDT – 4H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 2635.500000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2474.240000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
There is also a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2680.340000000 |
| Next High | 2635.500000000 |
| Current Price | 2549.500000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2635.500000000 – 2525.000000000 – 2520.920000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing – Head and Shoulder chart pattern