ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 1988.07 is certain.
Caution: A possible change in the direction of the support zone at 1903.19 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2032.31 |
| 2nd High | 2015.81 |
| Next High | 1988.07 |
| Current Price | 1970.690000000 |
| Next Low | 1903.19 |
| 2nd Low | 1866.13 |
| 3rd Low | 1747.8 |
1988.07 – 2015.81 – 2032.31 – 1903.19 – 1989.38 – 1995.83 —
1974.280000000 – 1975.350000000 —
56.143283880088 – 53.935906001783 —
– —
1988.07 – 1770845400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –