ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A descending movement down to the next support at 2932.460000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3610.240000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3480.190000000 – 3083.000000000 – 3020.310000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Collapsing Doji Star –