ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 2785.04 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 2987 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2922.950000000 |
| Next Low | 2785.04 |
| 2nd Low | 2763 |
| 3rd Low | 2704.33 |
2987 – 2885.75 – 2858.16 – 2785.04 – 2763 – 2704.33 — 54.330679858619 – 54.033705569714 — 76.070052623268 – 76.80491456698 – 59.098757828407 – 71.618998527333
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Double bottom chart pattern – –