ETH/USDT – 4H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 2635.500000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 2474.240000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
In addition a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2680.340000000 |
| Next High | 2635.500000000 |
| Current Price | 2549.500000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2635.500000000 – 2525.000000000 – 2520.920000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bullish Engulfing – Head and Shoulder chart pattern