ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support line at 2704.33 is expected.
Caution: A possible change in the direction of the resistance level at 2858.16 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2858.16 |
| Current Price | 2830.270000000 |
| Next Low | 2704.33 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2858.16 – 2852.17 – 2806.84 – 2704.33 – 2623.57 – 2946.56 — 54.043806376591 – 52.19902027864 — 67.94776371879 – 67.113246272865 – 73.176373317789 – 72.336122576328
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Rising Wedge Chart Pattern – –