The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 3150 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 3013.73 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3193.33 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 3150 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3225 |
| 2nd High | 3193.33 |
| Next High | 3150 |
| Current Price | 3134.310000000 |
| Next Low | 3013.73 |
| 2nd Low | 2907.52 |
| 3rd Low | 2782.19 |
3150 – 3058.01 – 3069 – 3013.73 – 2907.52 – 3024.07 — 62.527944367601 – 62.578071917115 — 87.691964043832 – 91.809452776799 – 89.007492367047 – 89.135046114396
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Northern Doji – – –