ETH/USDT – 30M – BUY

The combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance at 3480.190000000 will persist.

Caution: A possible trend reversal in the direction of the support line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘Bullish Engulfing’ candlestick pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

3480.190000000 – 3425.000000000 – 3152.530000000 – 3361.200000000 – 3310.770000000 – 2932.460000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern