ETH/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart pattern is found. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 4350.010000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 4692.360000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Harami’ candlestick chart pattern is found. The chart shows ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4956.780000000 |
| 2nd High | 4769.360000000 |
| Next High | 4692.360000000 |
| Current Price | 4603.500000000 |
| Next Low | 4350.010000000 |
| 2nd Low | 4300.590000000 |
| 3rd Low | 4277.060000000 |
4692.360000000 – 4769.360000000 – 4481.090000000 – 4605.000000000 – 4350.010000000 – 4300.590000000 — 43.976272712802 – 40.235549150753
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami – Double top chart pattern – –