ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish trend down to the next support at 4207.390000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 4817.400000000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4887.590000000 |
| Next High | 4817.400000000 |
| Current Price | 4813.040000000 |
| Next Low | 4207.390000000 |
| 2nd Low | 4204.200000000 |
| 3rd Low | 4106.370000000 |
4817.400000000 – 4887.590000000 – 4328.370000000 – 4207.390000000 – 4204.200000000 – 4106.370000000 — 78.743553313253 – 54.326299839951
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Double bottom retreat down – –