ETH/USDT – 1H – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 1796.08 is certain.
Caution: A possible change in the direction of the support level at 1679.11 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. 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 | 1839.77 |
| 2nd High | 1810.21 |
| Next High | 1796.08 |
| Current Price | 1729.270000000 |
| Next Low | 1679.11 |
| 2nd Low | 1671.79 |
| 3rd Low | 1654.9 |
1796.08 – 1810.21 – 1839.77 – 1679.11 – 1671.79 – 1722.24 —
1728.690000000 – 1733.930000000 —
61.140888023028 – 54.346422525661 —
– —
1796.08 – 1781715600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –