ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 3216.970000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 3744.830000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Shooting Star’ chart pattern is detected. The candles form ‘Shooting Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4107.800000000 |
| Next High | 3744.830000000 |
| Current Price | 3280.680000000 |
| Next Low | 3216.970000000 |
| 2nd Low | 3029.410000000 |
| 3rd Low | 3014.500000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star