ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support at 3884.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4107.800000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three Line Strike – Bearish’ candlestick chart pattern is found. The chart forms ‘Three Line Strike – Bearish’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4107.800000000 |
| Current Price | 3918.400000000 |
| Next Low | 3884.000000000 |
| 2nd Low | 3844.400000000 |
| 3rd Low | 3831.500000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Line Strike – Bearish