Next a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 4720.000000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 4956.780000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 – –