The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1669.590000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The 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%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1817.000000000 |
2nd High | 1689.000000000 |
Next High | 1669.590000000 |
Current Price | 1609.280000000 |
Next Low | |
2nd Low | |
3rd Low |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing