ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 2512 will persist.
Caution: A possible change in the direction of the resistance zone at 3169.95 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3249 |
| 2nd High | 3223.38 |
| Next High | 3169.95 |
| Current Price | 2705.320000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
3169.95 – 3223.38 – 3249 – 2946.56 – 3004 – 3131.78 — 42.030359445057 – 35.740139429314 — 97.439109255393 – 86.461997654834 – 71.968220830434 – 85.052398661563
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Triple top chart pattern – –