ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 3304.630000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 3434.350000000 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3514.940000000 |
| 2nd High | 3437.590000000 |
| Next High | 3434.350000000 |
| Current Price | 3315.540000000 |
| Next Low | 3304.630000000 |
| 2nd Low | 3216.970000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold