ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 2946.560000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 3223.38 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 3049.760000000 |
| Next Low | 2946.560000000 |
| 2nd Low | |
| 3rd Low |
3223.38 – 3249 – 3230 – 2946.560000000 – 3004 – 3131.78 — 49.623492433895 – 48.047238695058 — 97.278439330023 – 91.765899503391 – 99.092813110008 – 96.348112944471
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – – –