ETH/USDT – 30M – SELLIn addition a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 3310.770000000 is certain.
Caution: A possible change in the direction of the resistance line at 3480.190000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Tweezers Top’ candle pattern is found. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3480.190000000 |
| Current Price | 3418.230000000 |
| Next Low | 3310.770000000 |
| 2nd Low | 2932.460000000 |
| 3rd Low | 2903.850000000 |
3480.190000000 – 3425.000000000 – 3152.530000000 – 3310.770000000 – 2932.460000000 – 2940.240000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Tweezers Top – Double bottom retreat down