ETH/USDT – 1H – SELLNext a ‘Triple top chart pattern’ chart layout is found. The formation shows ‘Triple top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 3599.440000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 3878.670000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candlestick chart pattern is detected. The candles show ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3613.010000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 37.253421458549 – 34.692830254673
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami – Triple top chart pattern –