ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support at is certain.
Caution: A possible change in the direction of the resistance zone at 2987 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Three Inside Down’ candle pattern is existing. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2881.320000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2987 – 2885.75 – 2858.16 – 2785.04 – 2763 – 2704.33 — 52.184505716639 – 46.723765714908 — 34.787705989331 – 33.466981841431 – 27.911090365089 – 32.863367764894
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – – –