ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 2946.56 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3223.38 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Southern Doji’ candlestick chart pattern is discovered. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3223.38 |
| Current Price | 3048.340000000 |
| Next Low | 2946.56 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3223.38 – 3249 – 3230 – 2946.56 – 3004 – 3131.78 — 47.978504365372 – 47.69776644976 — 91.738409710711 – 85.708429139262 – 96.335905982449 – 91.57204902887
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – – –