ETH/USDT – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 2004.515 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 2209.03 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. 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 probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3045.78 |
| Next High | 2209.03 |
| Current Price | 2093.790000000 |
| Next Low | 1916.14 |
| 2nd Low | 1835.36 |
| 3rd Low | 1800 |
2209.03 – 2088.19 – 2199 – 1916.14 – 1835.36 – 1800 —
2103.420000000 – 2115.950000000 —
57.673554554835 – 58.605949009817 —
– —
2209.03 – 1773403200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –