ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support line at 1903.19 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2001.420000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Last Engulfing Top’ candle chart pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2046.94 |
| 2nd High | 2015.81 |
| Next High | 2001.420000000 |
| Current Price | 1915.850000000 |
| Next Low | 1903.19 |
| 2nd Low | 1747.8 |
| 3rd Low | 1606.01 |
2001.420000000 – 2015.81 – 2046.94 – 1903.19 – 1989.38 – 2008.62 —
2001.420000000 – 1925.510000000 —
57.359883282691 – 36.985637177082 —
2001.420000000 – 1770894000 —
– 1770894000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –