ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 3240.35 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 3170.47 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3240.35 |
| Current Price | 3185.640000000 |
| Next Low | 3170.47 |
| 2nd Low | 3030.42 |
| 3rd Low | 2782.19 |
3240.35 – 3145.68 – 3085.56 – 3170.47 – 3030.42 – 2782.19 — 46.964670764415 – 51.654909267198 — 1.1499786050492 – 9.2121068903724 – 7.5913142809289 – 6.5357928687491
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –