Also there is a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support line at 4424.000000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 4557.670000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4692.360000000 |
| 2nd High | 4670.280000000 |
| Next High | 4557.670000000 |
| Current Price | 4433.770000000 |
| Next Low | 4424.000000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4557.670000000 – 4538.250000000 – 4670.280000000 – 4464.000000000 – 4424.000000000 – 4466.000000000 — 44.927192309615 – 33.792645895268
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –