ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 2465.780000000 is expected.
Caution: A possible change in the direction of the resistance zone at 2546.910000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2548.420000000 |
| Next High | 2546.910000000 |
| Current Price | 2435.890000000 |
| Next Low | 2465.780000000 |
| 2nd Low | 2453.800000000 |
| 3rd Low | 2381.490000000 |
2546.910000000 – 2548.420000000 – 2680.340000000 – 2465.780000000 – 2453.800000000 – 2524.540000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing