There is also a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 4720.000000000 will continue.
Caution: A possible change in the direction of the resistance level at 4956.780000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4956.780000000 |
| Current Price | 4712.830000000 |
| Next Low | 4720.000000000 |
| 2nd Low | 4690.720000000 |
| 3rd Low | 4659.700000000 |
4956.780000000 – 4817.400000000 – 4768.900000000 – 4720.000000000 – 4690.720000000 – 4659.700000000 — 43.870656169145 – 40.207708490018
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Double top chart pattern – –