ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 4003.400000000 is certain.
Caution: A possible change in the direction of the support level at 3923.500000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles form ‘Bullish Engulfing’. this 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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4087.730000000 |
| 2nd High | 4024.010000000 |
| Next High | 4003.400000000 |
| Current Price | 3970.000000000 |
| Next Low | 3923.500000000 |
| 2nd Low | 3831.900000000 |
| 3rd Low | 3677.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing