ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 1897.24 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 2103.32 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2147.73 |
| 2nd High | 2107.67 |
| Next High | 2103.32 |
| Current Price | 1963.060000000 |
| Next Low | 1897.24 |
| 2nd Low | 1747.8 |
| 3rd Low | 1606.01 |
2103.32 – 2107.67 – 2073.68 – 1897.24 – 1903.19 – 1989.38 —
2011.300000000 – 1970.890000000 —
31.106905800667 – 32.476475321512 —
– —
2103.32 – 1771138800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –