ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 4416.780000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 4278.54496 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 4416.780000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4498.470000000 |
| 2nd High | 4491.840000000 |
| Next High | 4416.780000000 |
| Current Price | 4338.920000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4416.780000000 – 4491.840000000 – 4498.470000000 – 4210.610000000 – 4257.200000000 – 4265.000000000 — 47.704711939749 – 46.591396265813