ETH/USDT – 30M – SELLIn addition a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 2431.000000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 2522.170000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2546.910000000 |
| 2nd High | 2525.000000000 |
| Next High | 2522.170000000 |
| Current Price | 2427.350000000 |
| Next Low | 2431.000000000 |
| 2nd Low | 2412.000000000 |
| 3rd Low | 2382.530000000 |
2522.170000000 – 2525.000000000 – 2463.880000000 – 2431.000000000 – 2412.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing – Double top chart pattern