ETH/USDT – 1H – BUY

The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.

A bullish movement upwards to the next resistance at 1667.96 is certain.

Caution: A possible counter-trend in the direction of the support level at 1606.01 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bullish Engulfing’ candle pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive 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’ going up is 63%.

1667.96 – 1714.5 – 1721.93 – 1606.01 – 1614.02 – 1654.63 —
1636.880000000 – 1647.880000000 —
45.027506094585 – 53.282400965901 —
– —
1667.96 – 1781096400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –