ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 3252.000000000 will continue.
Caution: A possible change in the direction of the resistance level at could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3588.950000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3029.410000000 |
| 3rd Low | 3014.500000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing