The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support line at 1948.09 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1977.35 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1996.04 |
| 2nd High | 1994.98 |
| Next High | 1977.35 |
| Current Price | 1944.010000000 |
| Next Low | 1948.09 |
| 2nd Low | 1945.08 |
| 3rd Low | 1929.56 |
1977.35 – 1994.98 – 1996.04 – 1948.09 – 1964.34 – 1955.95 —
1971.500000000 – 1950.770000000 —
45.495550000321 – 39.859921701031 —
– —
1977.35 – 1772928000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – – –