Then a ‘Double top chart pattern’ chart formation is found. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 2946.56 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 3169.95 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3249 |
| 2nd High | 3223.38 |
| Next High | 3169.95 |
| Current Price | 2862.680000000 |
| Next Low | 2946.56 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3169.95 – 3223.38 – 3249 – 2946.56 – 3004 – 3131.78 — 31.475643628652 – 24.538879008583 — 0 – 0 – 10.379101342545 – 3.8049323665996
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Double top chart pattern – –