ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 3152.530000000 is considered certain.
Caution: A possible counter-trend in the direction of support at 2932.460000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3152.530000000 |
| Current Price | 3164.490000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3152.530000000 – 3097.320000000 – 2995.890000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern