ETH/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 2284.19 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 2323.21 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2464.91 |
| 2nd High | 2423.75 |
| Next High | 2323.21 |
| Current Price | 2310.000000000 |
| Next Low | 2300.55 |
| 2nd Low | 2300.22 |
| 3rd Low | 2285.42 |
2323.21 – 2423.75 – 2338.75 – 2300.55 – 2300.22 – 2285.42 —
2313.980000000 – 2317.880000000 —
44.069261160763 – 47.337139198636 —
– —
2323.21 – 1777107600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –