ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 4492.240000000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 4444.340000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4544.440000000 |
| 2nd High | 4508.710000000 |
| Next High | 4492.240000000 |
| Current Price | 4491.150000000 |
| Next Low | 4444.340000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4492.240000000 – 4508.710000000 – 4484.810000000 – 4444.340000000 – 4458.000000000 – 4456.430000000 — 48.697144750593 – 61.01892069654
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double top retreat up – –