ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline up.
An ascending movement up to the next resistance at 3764.200000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 3526.440000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The pair is likely to go up.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
In addition a ‘Bullish Engulfing’ candlestick pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The 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 | |
| 2nd High | 3860.000000000 |
| Next High | 3764.200000000 |
| Current Price | 3591.900000000 |
| Next Low | 3526.440000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3764.200000000 – 3860.000000000 – 3824.560000000 – 3616.540000000 – 3681.600000000 – 3526.440000000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double top retreat up –