ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 3077.99 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3094.61 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. 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 | 3148.41 |
| 2nd High | 3145.45 |
| Next High | 3094.61 |
| Current Price | 3096.990000000 |
| Next Low | 3077.99 |
| 2nd Low | 3065.23 |
| 3rd Low | 3058.69 |
3094.61 – 3145.45 – 3148.41 – 3077.99 – 3065.23 – 3058.69 — 55.063138453295 – 54.473267778603 — 87.755015663197 – 74.529760441617 – 94.054261968051 – 86.902466582482
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Triple bottom chart pattern – –