ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 2958.91 is expected.
Caution: A possible counter-trend in the direction of resistance at 3308.86 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3648.27 |
| 2nd High | 3588.19 |
| Next High | 3308.86 |
| Current Price | 3257.990000000 |
| Next Low | 2958.91 |
| 2nd Low | 2944.76 |
| 3rd Low | 2910.25 |
3308.86 – 3265.66 – 3167.22 – 2958.91 – 2944.76 – 2910.25 — 66.880200223044 – 55.658853055226 — 63.802251149203 – 55.624650942991 – 52.194226060059 – 57.331629219115
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –