ETH/USDT – 1H – SELLBesides a ‘Triple top chart pattern’ chart pattern is detected. The formation shows ‘Triple top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 3599.440000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3878.670000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. this is usually a bullish chart signal. The currency pair could go up.
Besides a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3662.690000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 27.573296399305 – 24.593816062491
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Triple top chart pattern –