ETH/USDT – 30M – SELLAdditionally a ‘Double top chart pattern’ chart formation is discovered. The chart shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support at 2412.000000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 2522.170000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2546.910000000 |
| 2nd High | 2525.000000000 |
| Next High | 2522.170000000 |
| Current Price | 2421.590000000 |
| Next Low | 2412.000000000 |
| 2nd Low | 2382.530000000 |
| 3rd Low | 2111.890000000 |
2522.170000000 – 2525.000000000 – 2463.880000000 – 2431.000000000 – 2412.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Tweezers Top – Double top chart pattern