ETH/USDT – 30M – BUY

The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance at 4087.730000000 will continue.

Caution: A possible counter-trend in the direction of the support line at 3884.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4025.18 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 4087.730000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. 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%.

Download ETH/USDT Signal Image

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