ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support at 4166.770000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 4388.650000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘On Neck’ candlestick chart pattern is discovered. The candles show ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4672.670000000 |
| 2nd High | 4576.000000000 |
| Next High | 4388.650000000 |
| Current Price | 4126.270000000 |
| Next Low | 4166.770000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3546.000000000 |
4388.650000000 – 4576.000000000 – 4672.670000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 34.60437779792 – 32.899055112095
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – On Neck – Double top chart pattern – –