ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 2008.65 is expected.
Caution: A possible counter-trend in the direction of resistance at 2088.19 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish 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 Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2199 |
| 2nd High | 2163.66 |
| Next High | 2088.19 |
| Current Price | 2049.730000000 |
| Next Low | 2008.65 |
| 2nd Low | 1989.12 |
| 3rd Low | 1916.14 |
2088.19 – 1979.8 – 1996.04 – 2008.65 – 1989.12 – 1916.14 —
2026.000000000 – 2082.660000000 —
46.223730510637 – 56.612373160804 —
– —
2088.19 – 1773158400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –