The pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 2270.53 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 2310.88 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which 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 | 2404.37 |
| 2nd High | 2329.82 |
| Next High | 2310.88 |
| Current Price | 2266.980000000 |
| Next Low | 2270.53 |
| 2nd Low | 2266.09 |
| 3rd Low | 2263.18 |
2310.88 – 2329.82 – 2404.37 – 2270.53 – 2266.09 – 2309.13 —
2288.340000000 – 2278.230000000 —
42.634988328639 – 37.697870533082 —
– —
2310.88 – 1777336200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –