ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 4466.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 4670.280000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Collapsing Doji Star’ candlestick pattern is detected. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4769.360000000 |
| 2nd High | 4692.360000000 |
| Next High | 4670.280000000 |
| Current Price | 4511.290000000 |
| Next Low | 4466.000000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4670.280000000 – 4692.360000000 – 4769.360000000 – 4466.000000000 – 4576.890000000 – 4605.000000000 — 41.642393216267 – 41.539865791913
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – – –