ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support line at 3065.400000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 3159.200000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3034.99 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 3159.200000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3331.000000000 |
| 2nd High | 3224.940000000 |
| Next High | 3159.200000000 |
| Current Price | 3069.970000000 |
| Next Low | 3065.400000000 |
| 2nd Low | 3050.010000000 |
| 3rd Low | 3042.930000000 |