ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support line at 2477.730000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 2788.000000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2788.000000000 |
| Current Price | 2506.630000000 |
| Next Low | 2477.730000000 |
| 2nd Low | 2457.000000000 |
| 3rd Low | 2381.490000000 |
2726.780000000 – 2548.630000000 – 2544.360000000 – 2477.730000000 – 2490.580000000 – 2457.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low