ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 3331.000000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 3029.410000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3442.500000000 |
| Next High | 3331.000000000 |
| Current Price | 3372.010000000 |
| Next Low | 3029.410000000 |
| 2nd Low | 3014.500000000 |
| 3rd Low | 2990.580000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing