ETH/USDT – 1H – BUYThe combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 3019.26 is likely expected.
Caution: A possible trend reversal in the direction of support at 2875.77 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 2986.4859 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 3019.26 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3019.26 |
| Current Price | 2980.480000000 |
| Next Low | 2875.77 |
| 2nd Low | 2866.11 |
| 3rd Low | 2775.19 |
2957.04 – 2968.49 – 3019.26 – 2875.77 – 2892.4 – 2906.02 —
2915.700000000 – 2994.500000000 —
38.702186057353 – 49.791775927453 —
– —
2957.04000 – 1769486400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Northern Doji – – –