ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 2923.320000000 is expected.
Caution: A possible change in the direction of the resistance zone at 3010.390000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3040.150000000 |
| Next High | 3010.390000000 |
| Current Price | 2928.300000000 |
| Next Low | 2923.320000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
3010.390000000 – 3040.150000000 – 2588.420000000 – 2923.320000000 – 2936.460000000 – 2512.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Belt Hold – Double top chart pattern