ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 2381.490000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 2546.910000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. this 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 probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2548.420000000 |
| Next High | 2546.910000000 |
| Current Price | 2384.760000000 |
| Next Low | 2381.490000000 |
| 2nd Low | 2348.380000000 |
| 3rd Low | 1787.010000000 |
2546.910000000 – 2548.420000000 – 2680.340000000 – 2465.780000000 – 2453.800000000 – 2524.540000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low