ETH/USDT – 4H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support level at 2285.1 is certain.
Caution: A possible trend reversal in the direction of resistance at 2415.5 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.
Additionally a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3368.82 |
| 2nd High | 3045.78 |
| Next High | 2415.5 |
| Current Price | 2338.250000000 |
| Next Low | 2285.1 |
| 2nd Low | 2175 |
| 3rd Low | 2021.5 |
2415.5 – 2329.93 – 2273.87 – 2285.1 – 2175 – 2021.5 —
2456.930000000 – 2375.140000000 —
70.312832988506 – 50.211519164009 —
– —
2415.5 – 1776168000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –