ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A descent down to the next support line at 3203.34 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3265.66 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candle pattern is existing. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3588.19 |
| 2nd High | 3565.84 |
| Next High | 3265.66 |
| Current Price | 3221.400000000 |
| Next Low | 3203.34 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3265.66 – 3005.98 – 2988.96 – 3203.34 – 3126 – 3020.79 — 63.876010861633 – 53.728612225353 — 29.898716006061 – 29.898716006061 – 14.855462137783 – 23.121175824841
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –