ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 4435.700000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 4508.710000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Shooting Star’ chart pattern is detected. The chart forms ‘Shooting Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4644.470000000 |
| 2nd High | 4636.220000000 |
| Next High | 4508.710000000 |
| Current Price | 4478.260000000 |
| Next Low | 4435.700000000 |
| 2nd Low | 4412.000000000 |
| 3rd Low | 4350.010000000 |
4508.710000000 – 4636.220000000 – 4644.470000000 – 4435.700000000 – 4412.000000000 – 4464.000000000 — 47.085607399544 – 46.939725231362
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –