ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A bearish movement down to the next support at 3681.600000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3824.560000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Shooting Star’ candlestick chart pattern is found. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3824.560000000 |
| Current Price | 3736.460000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3824.560000000 – 3608.300000000 – 3673.840000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern