ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 3884.000000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 4107.800000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Falling Window’ candle pattern is found. The candles form ‘Falling Window’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) & 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4107.800000000 |
| Current Price | 3467.640000000 |
| Next Low | 3884.000000000 |
| 2nd Low | 3844.400000000 |
| 3rd Low | 3831.500000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Falling Window