The combination Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 2323.21 is likely expected.
Caution: A possible change in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
Also there is a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2338.79 |
| 2nd High | 2331.85 |
| Next High | 2323.21 |
| Current Price | 2316.510000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2323.21 – 2331.85 – 2338.79 – 2300.55 – 2307.2 – 2301.61 —
2312.150000000 – 2317.350000000 —
39.516901240725 – 55.287926427524 —
– —
2323.21 – 1777109400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –