ETH/USDT – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart pattern is discovered. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 3601.560000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 3747.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The chart shows ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to fall. 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 –