ETH/USDT – 1H – BUYThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 3171.49 will persist.
Caution: A possible change in the direction of the support level at 3092.59 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3308.86 |
| Next High | 3171.49 |
| Current Price | 3130.170000000 |
| Next Low | 3092.59 |
| 2nd Low | 3078.71 |
| 3rd Low | 3058.69 |
3171.49 – 3147.27 – 3104.12 – 3092.59 – 3078.71 – 3058.69 — 42.405551512961 – 54.075445436665 — 7.9818901286942 – 15.757014010196 – 10.640143548061 – 12.220202092221
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –