ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1989.640000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2047.45 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2233.72 |
| 2nd High | 2199.02 |
| Next High | 2047.45 |
| Current Price | 2004.260000000 |
| Next Low | 1989.640000000 |
| 2nd Low | 1970.93 |
| 3rd Low |
2047.45 – 2199.02 – 2175.16 – 1989.640000000 – 1970.93 – 2034.54 —
2011.880000000 – 2008.330000000 —
39.739326702097 – 46.683501392736 —
1989.640000000 – 1774738800 —
2047.45 – 1774702800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –