The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 2148.8 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 2037.79 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Then a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. 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 | 2199 |
| 2nd High | 2163.66 |
| Next High | 2148.8 |
| Current Price | 2100.050000000 |
| Next Low | 2037.79 |
| 2nd Low | 2017.59 |
| 3rd Low | 2007.17 |
2148.8 – 2095 – 2085.58 – 2037.79 – 2017.59 – 2007.17 —
2120.060000000 – 2103.480000000 —
60.073164316395 – 52.740879567911 —
– —
2148.8 – 1773361800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –