Buy ETH/USDT – 30M – BUY

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

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