ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 2457.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 2531.360000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2451.91004 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 2531.360000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2679.880000000 |
| 2nd High | 2640.860000000 |
| Next High | 2531.360000000 |
| Current Price | 2517.510000000 |
| Next Low | 2457.000000000 |
| 2nd Low | 2381.490000000 |
| 3rd Low | 2348.380000000 |
2531.360000000 – 2640.860000000 – 2679.880000000 – 2457.000000000 – 2381.490000000 – 2594.490000000