And also a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Last Engulfing Top’ candlestick pattern is detected. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3083.000000000 |
| Next High | 3023.200000000 |
| Current Price | 2977.490000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3023.200000000 – 3083.000000000 – 3010.650000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Last Engulfing Top – Double top chart pattern