ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 4350.010000000 is certain.
Caution: A possible change in the direction of the resistance line at 4481.090000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative 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 Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.640000000 |
| 2nd High | 4490.000000000 |
| Next High | 4481.090000000 |
| Current Price | 4525.810000000 |
| Next Low | 4350.010000000 |
| 2nd Low | 4300.590000000 |
| 3rd Low | 4277.060000000 |
4481.090000000 – 4453.570000000 – 4381.870000000 – 4350.010000000 – 4300.590000000 – 4277.060000000 — 67.279087265985 – 61.674198347576
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –