ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A descent downwards to the next support at 3831.900000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3989.210000000 |
| Next Low | 3831.900000000 |
| 2nd Low | 3677.000000000 |
| 3rd Low | 3500.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing