ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at is expected.
Caution: A possible change in the direction of the support level at 2932.460000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 3637.570000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3480.190000000 – 3083.000000000 – 3020.310000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing –