ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 4300.590000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 4453.570000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.640000000 |
| 2nd High | 4490.000000000 |
| Next High | 4453.570000000 |
| Current Price | 4431.420000000 |
| Next Low | 4300.590000000 |
| 2nd Low | 4277.060000000 |
| 3rd Low | 4276.760000000 |
4453.570000000 – 4381.870000000 – 4384.060000000 – 4300.590000000 – 4277.060000000 – 4276.760000000 — 71.396115703195 – 67.629974506152
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –