ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 4605.000000000 is likely expected.
Caution: A possible change in the direction of resistance at 4769.360000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Three Inside Down’ candle pattern is existing. The chart shows ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4956.780000000 |
| Next High | 4769.360000000 |
| Current Price | 4650.580000000 |
| Next Low | 4605.000000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4769.360000000 – 4481.090000000 – 4453.570000000 – 4605.000000000 – 4350.010000000 – 4300.590000000 — 51.26629402253 – 46.68498635959
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – – –