ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 3319.97 will continue.
Caution: A possible reversal of the trend in the direction of support at 3253.01 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Next a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3384.19 |
| 2nd High | 3326.79 |
| Next High | 3319.97 |
| Current Price | 3324.940000000 |
| Next Low | 3253.01 |
| 2nd Low | 3065.55 |
| 3rd Low | 3065.23 |
3299.89 – 3318.61 – 3319.97 – 3253.01 – 3277.04 – 3273.72 — 65.823519410919 – 69.53603209794 — 61.507834417533 – 45.774069854337 – 81.089182092527 – 63.013872043972
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –