ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support line at 3313.880000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 3514.940000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern 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 | 4107.800000000 |
| 2nd High | 3547.950000000 |
| Next High | 3514.940000000 |
| Current Price | 3450.460000000 |
| Next Low | 3313.880000000 |
| 2nd Low | 3305.000000000 |
| 3rd Low | 3304.630000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing