ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 2858.16 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 2763 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2858.16 |
| Current Price | 2838.990000000 |
| Next Low | 2763 |
| 2nd Low | 2704.33 |
| 3rd Low | 2623.57 |
2858.16 – 2852.17 – 2759.02 – 2763 – 2786.63 – 2777.2 — 48.739461749169 – 52.360951305818 — 31.928715609947 – 27.146650135664 – 45.279212104419 – 35.99045647193
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –