ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 2866.11 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3069.07 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3236.26 |
| Next High | 3069.07 |
| Current Price | 3019.130000000 |
| Next Low | 2866.11 |
| 2nd Low | 2775.19 |
| 3rd Low | 2716.04 |
3069.07 – 3236.26 – 3368.82 – 2866.11 – 2920 – 3177.68 —
3044.160000000 – 3025.430000000 —
55.61893041269 – 53.841924483389 —
– —
3069.07000 – 1769022000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –