ETH/USDT – 1H – SELLMoreover a ‘Double top chart pattern’ chart formation is found. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 3526.440000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 3764.200000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
Moreover a ‘Tweezers Top’ candle pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The 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 | |
| 2nd High | 3860.000000000 |
| Next High | 3764.200000000 |
| Current Price | 3571.000000000 |
| Next Low | 3526.440000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3764.200000000 – 3860.000000000 – 3824.560000000 – 3616.540000000 – 3681.600000000 – 3526.440000000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Double top chart pattern –