ETH/USDT – 1H – SELLBesides a ‘Triple top chart pattern’ chart pattern is existing. The formation shows ‘Triple top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 3599.440000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 3878.670000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Harami’ candlestick pattern is discovered. The candles show ‘Bearish Harami’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3613.010000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 37.253421458549 – 34.692830254673
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami – Triple top chart pattern – –