ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support line at 3502.850000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 3771.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3704.450000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3502.850000000 – 3616.540000000 – 3681.600000000 — 56.808304869764 – 53.710021702247
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – –