ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 2110 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 2295.74 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is found. The candles form ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2359.88 |
| 2nd High | 2343.82 |
| Next High | 2295.74 |
| Current Price | 2260.800000000 |
| Next Low | 2110 |
| 2nd Low | 1731.7 |
| 3rd Low | 1606.01 |
2295.74 – 2343.82 – 2359.88 – 2110 – 2262.15 – 2284.48 —
2282.130000000 – 2285.900000000 —
53.017815833695 – 50.963313932318 —
– —
2295.74 – 1770175800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –