ETH/USDT – 4H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 2716.04 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 3240.35 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ candlestick chart pattern is existing. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3918.23 |
| 2nd High | 3658.98 |
| Next High | 3240.35 |
| Current Price | 3101.540000000 |
| Next Low | 2716.04 |
| 2nd Low | 2623.57 |
| 3rd Low | 2474.24 |
3240.35 – 3099 – 2987 – 2716.04 – 2623.57 – 3070 — 57.889638059574 – 52.693759689025 — 80.148783593593 – 74.947642774504 – 66.043445502295 – 71.510693202112
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –