ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 1763.36 is expected.
Caution: A possible change in the direction of the resistance line at 1839.77 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1852.2 |
| 2nd High | 1849.54 |
| Next High | 1839.77 |
| Current Price | 1793.710000000 |
| Next Low | 1763.36 |
| 2nd Low | 1758 |
| 3rd Low | 1712.17 |
1839.77 – 1849.54 – 1733.04 – 1763.36 – 1758 – 1712.17 —
1799.010000000 – 1796.620000000 —
51.767365273862 – 51.209067933368 —
– —
1839.77 – 1781613000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –