ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A descending movement down to the next support at 1897.24 is certain.
Caution: A possible change in the direction of the resistance level at 2073.68 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.82 |
| 2nd High | 2147.73 |
| Next High | 2073.68 |
| Current Price | 2077.420000000 |
| Next Low | 1897.24 |
| 2nd Low | 1747.8 |
| 3rd Low | 1606.01 |
2073.68 – 2001.42 – 2015.81 – 1897.24 – 1903.19 – 1989.38 —
2057.570000000 – 2091.320000000 —
69.878051008201 – 75.776454423966 —
– —
2073.68 – 1770998400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –