ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1652.09 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1691.07 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. 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 | 1714.5 |
| 2nd High | 1693.59 |
| Next High | 1691.07 |
| Current Price | 1676.740000000 |
| Next Low | 1652.09 |
| 2nd Low | 1603.44 |
| 3rd Low | 1590.8 |
1691.07 – 1693.59 – 1667.96 – 1652.09 – 1603.44 – 1606.01 —
1677.740000000 – 1681.470000000 —
56.351330073223 – 58.103085335396 —
– —
1691.07 – 1781276400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –