ETH/USDT – 30M – SELLMoreover a ‘Double bottom retreat down’ chart pattern is detected. The chart shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 3655.190000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3748.900000000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Harami’ candle chart pattern is found. The candles show ‘Bearish Harami’. 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 success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3748.900000000 |
| Current Price | 3745.560000000 |
| Next Low | 3655.190000000 |
| 2nd Low | 3616.540000000 |
| 3rd Low | 3526.440000000 |
3748.900000000 – 3798.650000000 – 3860.000000000 – 3655.190000000 – 3616.540000000 – 3719.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Harami – Double bottom retreat down