ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 3029.410000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3159.200000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3331.000000000 |
| 2nd High | 3224.940000000 |
| Next High | 3159.200000000 |
| Current Price | 3125.990000000 |
| Next Low | 3029.410000000 |
| 2nd Low | 3014.500000000 |
| 3rd Low | 2990.580000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing