ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 4265.330000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 4353.330000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The 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 | 4482.050000000 |
| 2nd High | 4433.850000000 |
| Next High | 4353.330000000 |
| Current Price | 4301.550000000 |
| Next Low | 4265.330000000 |
| 2nd Low | 4257.850000000 |
| 3rd Low | 4210.610000000 |
4353.330000000 – 4433.850000000 – 4482.050000000 – 4265.330000000 – 4355.290000000 – 4285.710000000 — 49.055932740363 – 41.995289463623
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –