The currency pair Ethereum/Tether (ETH/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 1586.5 is certain.
Caution: A possible trend reversal in the direction of the support line at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive 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 | 1693.67 |
| 2nd High | 1660.54 |
| Next High | 1586.5 |
| Current Price | 1580.140000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1586.5 – 1581.16 – 1660.54 – 1512 – 1532.9 – 1552.95 —
1555.200000000 – 1571.850000000 —
40.388822315238 – 50.535318158669 —
– —
1586.5 – 1782459000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Northern Doji – – –