ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support line at 2940.240000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3010.650000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which 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 Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3040.150000000 |
| 2nd High | 3020.310000000 |
| Next High | 3010.650000000 |
| Current Price | 3026.120000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3010.650000000 – 3020.310000000 – 2967.970000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Belt Hold – Double bottom retreat down