ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 2704.33 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 2852.17 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2852.17 |
| Current Price | 2792.720000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2852.17 – 2806.84 – 3169.95 – 2704.33 – 2623.57 – 2946.56 — 50.204844990666 – 48.488197505219 — 24.262065607693 – 19.530156411661 – 49.651876296261 – 33.79587365346
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Symmetrical Triangle Chart Pattern – –