ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 2958.91 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3240.35 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Besides a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3256.71 |
| 2nd High | 3249 |
| Next High | 3240.35 |
| Current Price | 3224.990000000 |
| Next Low | 2958.91 |
| 2nd Low | 2944.76 |
| 3rd Low | 2910.25 |
3167.22 – 3028.08 – 3009.8 – 2958.91 – 2944.76 – 2910.25 — 80.448322441538 – 72.67357217856 — 95.465295493197 – 82.989211309524 – 86.567726048753 – 92.008574263039
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Triple bottom chart pattern – –