ETH/USDT – 1H – BUY

The pair Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance level at 2398.93 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 2309.24 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

2398.93 – 2343.6 – 2325.28 – 2309.24 – 2297.59 – 2220.36 —
2365.910000000 – 2390.740000000 —
51.437197875365 – 59.640013276085 —
– —
2398.93 – 1777867200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – – –