ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 4193.770000000 is certain.
Caution: A possible change in the direction of the resistance level at 4388.650000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The chart forms ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4672.670000000 |
| 2nd High | 4576.000000000 |
| Next High | 4388.650000000 |
| Current Price | 4292.030000000 |
| Next Low | 4193.770000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4388.650000000 – 4576.000000000 – 4672.670000000 – 4193.770000000 – 4225.860000000 – 4372.540000000 — 50.078751509493 – 47.789105892994
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –