ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support at 3884.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 4107.800000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Line Strike – Bearish’ candlestick pattern is existing. The chart forms ‘Three Line Strike – Bearish’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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