ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A descent downwards to the next support at 4207.390000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4956.780000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4956.780000000 |
| Current Price | 4350.810000000 |
| Next Low | 4207.390000000 |
| 2nd Low | 4204.200000000 |
| 3rd Low | 4106.370000000 |
4956.780000000 – 4817.400000000 – 4887.590000000 – 4207.390000000 – 4204.200000000 – 4106.370000000 — 23.337997735161 – 23.278722903842
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Triple top chart pattern – –