ETH/USDT – 30M – BUYThe pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 2852.17 is likely expected.
Caution: A possible change in the direction of the support line at 2777.2 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. 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 | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2852.17 |
| Current Price | 2843.650000000 |
| Next Low | 2777.2 |
| 2nd Low | 2704.33 |
| 3rd Low | 2623.57 |
2852.17 – 2759.02 – 2784.12 – 2777.2 – 2704.33 – 2623.57 — 62.800786745903 – 66.781918650624 — 89.260070933823 – 94.911541714888 – 75.05120235078 – 86.973386420917
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –