ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support at 3599.440000000 is considered certain.
Caution: A possible change in the direction of resistance at 3771.000000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3723.720000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3599.440000000 – 3502.850000000 – 3616.540000000 — 51.745523448813 – 50.386350209928
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –