ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 2932.460000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3152.530000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Matching Low’ chart pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3152.530000000 |
| Current Price | 3162.450000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3152.530000000 – 3097.320000000 – 2995.890000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low – Double bottom retreat down