ETH/USDT – 1H – SELLFurthermore a ‘Triple bottom chart pattern’ chart layout is detected. The chart picture shows ‘Triple bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support at 4256.920000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 4731.740000000 |
| Next Low | 4256.920000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4366.460000000 – 4349.810000000 – 4332.600000000 – 4256.920000000 – 4166.770000000 – 4153.070000000 — 64.864704638251 – 58.909322204766
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Triple bottom chart pattern – –