ETH/USDT – 4H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support level at 2932.460000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3673.840000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3673.840000000 |
| Current Price | 3743.310000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
3673.840000000 – 3040.150000000 – 2635.500000000 – 2932.460000000 – 2474.240000000 – 2373.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing –