ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
The bearish trend down to the next support level at is likely expected.
Caution: A possible change in the direction of the resistance line at 2968.49 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3069.07 |
| 2nd High | 3019.26 |
| Next High | 2968.49 |
| Current Price | 2940.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2968.49 – 3019.26 – 2984.71 – 2875.77 – 2892.4 – 2906.02 —
2936.060000000 – 2947.420000000 —
45.558910354909 – 54.325299924746 —
– —
2968.49000 – 1769277600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –