ETH/USDT – 1H – BUY

The combination Ethereum/Tether (ETH/USDT) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance line at 1721.93 is considered certain.

Caution: A possible change in the direction of the support level at 1590.8 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1814.4 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1721.93 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1721.93 – 1893.07 – 2004.13 – 1590.8 – 1717.28 – 1816.92 —
1669.990000000 – 1696.820000000 —
45.487634102651 – 50.263910375779 —
– —
1721.93 – 1780869600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –