ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A bearish descent down to the next support at 4166.770000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4388.650000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4672.670000000 |
| 2nd High | 4576.000000000 |
| Next High | 4388.650000000 |
| Current Price | 4142.000000000 |
| Next Low | 4166.770000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3546.000000000 |
4388.650000000 – 4576.000000000 – 4672.670000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 34.60437779792 – 34.260306128743
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –