ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 2465.780000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2546.910000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Shooting Star’ candle pattern is existing. The candles show ‘Shooting Star’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2548.420000000 |
| Next High | 2546.910000000 |
| Current Price | 2419.680000000 |
| Next Low | 2465.780000000 |
| 2nd Low | 2453.800000000 |
| 3rd Low | 2381.490000000 |
2546.910000000 – 2548.420000000 – 2680.340000000 – 2465.780000000 – 2453.800000000 – 2524.540000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Shooting Star