And also a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 3601.560000000 is considered certain.
Caution: A possible change in the direction of resistance at 3747.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Collapsing Doji Star’ candlestick chart pattern is discovered. The chart forms ‘Collapsing Doji Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3798.650000000 |
| 2nd High | 3771.000000000 |
| Next High | 3747.000000000 |
| Current Price | 3738.810000000 |
| Next Low | 3601.560000000 |
| 2nd Low | 3599.440000000 |
| 3rd Low | 3502.850000000 |
3747.000000000 – 3771.000000000 – 3665.310000000 – 3601.560000000 – 3599.440000000 – 3502.850000000 — 62.717888533637 – 58.309028542413
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – Double bottom retreat down –