ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 2923.320000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3040.150000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3040.150000000 |
| Current Price | 2943.310000000 |
| Next Low | 2923.320000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
3040.150000000 – 2590.570000000 – 2635.500000000 – 2923.320000000 – 2512.000000000 – 2474.240000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern