ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 3477.580000000 is considered certain.
Caution: A possible change in the direction of resistance at 3608.300000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. this 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3673.840000000 |
| 2nd High | 3671.500000000 |
| Next High | 3608.300000000 |
| Current Price | 3552.750000000 |
| Next Low | 3477.580000000 |
| 2nd Low | 3361.200000000 |
| 3rd Low | 3310.770000000 |
3608.300000000 – 3671.500000000 – 3673.840000000 – 3477.580000000 – 3361.200000000 – 3310.770000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Belt Hold –