ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 4257.200000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 4415.610000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4663.930000000 |
| 2nd High | 4633.970000000 |
| Next High | 4415.610000000 |
| Current Price | 4343.900000000 |
| Next Low | 4257.200000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4415.610000000 – 4633.970000000 – 4663.930000000 – 4257.200000000 – 4265.000000000 – 4430.000000000 — 45.66051466364 – 43.280666107939
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –