ETH/USDT – 1H – BUYThe combination moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 3331.000000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 3116.690000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3442.500000000 |
| Next High | 3331.000000000 |
| Current Price | 3217.210000000 |
| Next Low | 3116.690000000 |
| 2nd Low | 3069.000000000 |
| 3rd Low | 2990.580000000 |