ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 4576.000000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 4225.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4788.000000000 |
| 2nd High | 4672.670000000 |
| Next High | 4576.000000000 |
| Current Price | 4255.900000000 |
| Next Low | 4225.860000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4576.000000000 – 4672.670000000 – 4788.000000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 37.965729338032 – 41.833656487723
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double top retreat up – –