ETH/USDT – 1H – SELLAdditionally a ‘Triple top chart pattern’ chart layout is existing. The chart forms ‘Triple top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 3599.440000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 3878.670000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The pair is likely to go down.
Additionally a ‘Bearish Harami’ candle chart pattern is found. The candles form ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3613.010000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 37.253421458549 – 34.692830254673
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami – Triple top chart pattern –