ETH/USDT – 1H – SELLMoreover a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 3296.34 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 3384.19 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candle pattern is discovered. The chart forms ‘Bullish Engulfing’. which 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 likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3402.89 |
| Next High | 3384.19 |
| Current Price | 3333.990000000 |
| Next Low | 3296.34 |
| 2nd Low | 3253.01 |
| 3rd Low | 3065.55 |
3330.26 – 3384.19 – 3402.89 – 3296.34 – 3253.01 – 3273.72 — 59.014094963498 – 64.430312307651 — 88.828344139422 – 94.971720237274 – 86.929231618154 – 89.672905075029
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –