ETH/USDT – 4H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1747.8 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2152.030000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3045.78 |
| Next High | 2152.030000000 |
| Current Price | 2003.210000000 |
| Next Low | 1747.8 |
| 2nd Low | 1414.77 |
| 3rd Low |
2152.030000000 – 3045.78 – 3368.82 – 1747.8 – 2875.77 – 2866.11 —
2152.030000000 – 2124.710000000 —
47.017387425398 – 45.942649254288 —
2152.030000000 – 1770580800 —
– 1770580800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Double top chart pattern – –