ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A descent down to the next support at 3599.440000000 will continue.
Caution: A possible change in the direction of the resistance line at 3771.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Next a ‘Last Engulfing Bottom:’ candlestick chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3739.360000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3599.440000000 – 3502.850000000 – 3616.540000000 — 62.020929686653 – 55.653594889851
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – –