ETH/USDT – 1H – SELLMoreover a ‘Double top chart pattern’ chart pattern is existing. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 3526.440000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3860.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3860.000000000 |
| Current Price | 3655.360000000 |
| Next Low | 3526.440000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3860.000000000 – 3824.560000000 – 3608.300000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern