The combination Ethereum/Tether (ETH/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 1721.93 will continue.
Caution: A possible change in the direction of the support zone at 1654.9 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is existing. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1852.2 |
| 2nd High | 1794.43 |
| Next High | 1721.93 |
| Current Price | 1725.640000000 |
| Next Low | 1654.9 |
| 2nd Low | 1653.74 |
| 3rd Low | 1652.09 |
1697.28 – 1686.56 – 1675.9 – 1654.9 – 1671.44 – 1662.2 —
1667.840000000 – 1726.430000000 —
46.021642933064 – 82.445049015358 —
– —
1697.28 – 1781386200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Northern Doji – – –