ETH/USDT – 1H – BUY

The pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance line at 2338.37 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 2300 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. which is a positive signal. 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%.

2338.37 – 2325.33 – 2321.22 – 2300 – 2265.61 – 2313.89 —
2333.100000000 – 2328.000000000 —
65.37364477542 – 58.516438982651 —
– —
2338.37 – 1778349600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –