ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 4444.340000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 4508.710000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 4328.220000000 |
| Next Low | 4444.340000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4508.710000000 – 4636.220000000 – 4644.470000000 – 4444.340000000 – 4435.700000000 – 4412.000000000 — 17.450568550814 – 16.776141714651
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –