ETH/USDT – 1H – SELLNext a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 2932.46 is certain.
Caution: A possible change in the direction of the resistance zone at 3223.38 could happen.
Consider stop-loss settings accordingly.
Next a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Next a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 2985.500000000 |
| Next Low | 2932.46 |
| 2nd Low | 2903.85 |
| 3rd Low | 2512 |
3223.38 – 3249 – 3230 – 3004 – 3131.78 – 3070 — 36.248577560012 – 32.30890654816 — 31.036930936899 – 27.956863102482 – 28.2410000388 – 29.437980201464
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Double top chart pattern – –