ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 2834.860000000 is certain.
Caution: A possible trend reversal in the direction of support at 2592.600000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Engulfing’ candlestick pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. 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 | |
| Next High | 2834.860000000 |
| Current Price | 2669.800000000 |
| Next Low | 2592.600000000 |
| 2nd Low | 2492.000000000 |
| 3rd Low | 2488.720000000 |
2638.500000000 – 2559.510000000 – 2553.080000000 – 2592.600000000 – 2492.000000000 – 2508.450000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing