ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 1941.66 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 2015.33 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2103.32 |
| 2nd High | 2023.51 |
| Next High | 2015.33 |
| Current Price | 1970.680000000 |
| Next Low | 1941.66 |
| 2nd Low | 1937.24 |
| 3rd Low | 1928.88 |
2015.33 – 2008.58 – 2023.51 – 1941.66 – 1937.24 – 1928.88 —
2002.780000000 – 1998.300000000 —
55.459076159132 – 45.185433116617 —
– —
2015.33 – 1771354800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern – –