ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 2768.78 is considered certain.
Caution: A possible change in the direction of the support zone at 2636.01 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2702.050000000 |
| Next Low | 2636.01 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2768.78 – 2828.65 – 3038.45 – 2636.01 – 2689 – 2754.53 —
2707.800000000 – 2710.620000000 —
42.821443374238 – 44.894823415951 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –