ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 1907.41 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1989.23 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2054.8 |
| 2nd High | 2028 |
| Next High | 1989.23 |
| Current Price | 1938.470000000 |
| Next Low | 1907.41 |
| 2nd Low | 1835.36 |
| 3rd Low | 1800 |
1989.23 – 2028 – 2054.8 – 1907.41 – 1835.36 – 1887 —
1942.480000000 – 1952.240000000 —
42.934119147778 – 43.881484446807 —
– —
1989.23 – 1772413200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –