ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 3305.000000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3437.590000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative signal. 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 | 3547.950000000 |
| 2nd High | 3514.940000000 |
| Next High | 3437.590000000 |
| Current Price | 3340.180000000 |
| Next Low | 3305.000000000 |
| 2nd Low | 3304.630000000 |
| 3rd Low | 3216.970000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing