ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 3716.040000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3834.030000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3834.030000000 |
| Current Price | 3795.920000000 |
| Next Low | 3716.040000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3599.440000000 |
3834.030000000 – 3886.440000000 – 3782.830000000 – 3716.040000000 – 3709.390000000 – 3599.440000000 — 51.233064288455 – 50.919467099725
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – –