ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 4467.630000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 4663.930000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Belt Hold’ chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. this 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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4956.780000000 |
| 2nd High | 4690.020000000 |
| Next High | 4663.930000000 |
| Current Price | 4599.270000000 |
| Next Low | 4467.630000000 |
| 2nd Low | 4311.040000000 |
| 3rd Low | 4207.390000000 |
4663.930000000 – 4645.930000000 – 4451.720000000 – 4467.630000000 – 4538.690000000 – 4311.040000000 — 62.020772216591 – 57.720393450404
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –