The pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 3602.850000000 will persist.
Caution: A possible change in the direction of the support level at 3534.280000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 3684.92 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 3602.850000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish signal. 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 | 3684.920000000 |
2nd High | 3642.190000000 |
Next High | 3602.850000000 |
Current Price | 3594.740000000 |
Next Low | 3534.280000000 |
2nd Low | 3529.760000000 |
3rd Low | 3252.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing