ETH/USDT – 30M – SELLIn addition a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 3655.190000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3764.200000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Tweezers Top’ candle pattern is detected. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3764.200000000 |
| Current Price | 3640.250000000 |
| Next Low | 3655.190000000 |
| 2nd Low | 3616.540000000 |
| 3rd Low | 3526.440000000 |
3764.200000000 – 3748.900000000 – 3798.650000000 – 3655.190000000 – 3616.540000000 – 3719.000000000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Double top chart pattern –