ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 3347.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 4031.380000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4107.800000000 |
| Next High | 4031.380000000 |
| Current Price | 3356.320000000 |
| Next Low | 3347.000000000 |
| 2nd Low | 3252.000000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing