ETH/USDT – 4H – BUYThe combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 4490.000000000 is considered certain.
Caution: A possible change in the direction of the support level at 4210.610000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ chart pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4498.470000000 |
| 2nd High | 4490.640000000 |
| Next High | 4490.000000000 |
| Current Price | 4315.740000000 |
| Next Low | 4210.610000000 |
| 2nd Low | 4060.000000000 |
| 3rd Low | 3546.000000000 |
4490.000000000 – 4490.640000000 – 4498.470000000 – 4210.610000000 – 4257.200000000 – 4311.040000000 — 45.487310588709 – 48.629393871612
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –