ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 4435.700000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 4508.710000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which 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’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4644.470000000 |
| 2nd High | 4636.220000000 |
| Next High | 4508.710000000 |
| Current Price | 4477.720000000 |
| Next Low | 4435.700000000 |
| 2nd Low | 4412.000000000 |
| 3rd Low | 4350.010000000 |
4508.710000000 – 4636.220000000 – 4644.470000000 – 4435.700000000 – 4412.000000000 – 4464.000000000 — 47.085607399544 – 46.687755083844
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –