ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 3610.630000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 4107.800000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The 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 | |
| 2nd High | |
| Next High | 4107.800000000 |
| Current Price | 3637.870000000 |
| Next Low | 3610.630000000 |
| 2nd Low | 3593.700000000 |
| 3rd Low | 3421.790000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing