ETH/USDT – 30M – SELLBesides a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support line at 4519.960000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 4690.020000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4956.780000000 |
| Next High | 4690.020000000 |
| Current Price | 4420.340000000 |
| Next Low | 4519.960000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4690.020000000 – 4956.780000000 – 4817.400000000 – 4519.960000000 – 4720.000000000 – 4690.720000000 — 30.79157932471 – 21.793390617978
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –