ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support level at 3681.600000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3824.560000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3824.560000000 |
| Current Price | 3736.740000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3824.560000000 – 3608.300000000 – 3673.840000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern