ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish descent down to the next support at 2704.33 will persist.
Caution: A possible change in the direction of the resistance level at 2858.16 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Tweezers Top’ chart pattern is existing. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2858.16 |
| Current Price | 2824.810000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2858.16 – 2852.17 – 2806.84 – 2704.33 – 2623.57 – 2946.56 — 60.353646953386 – 52.685779901998 — 61.808057078222 – 70.002471483397 – 32.848480909557 – 53.428417435502
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Double top retreat up – –