ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 3731.000000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 3886.440000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Top’ candle pattern is found. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3886.440000000 |
| Current Price | 3838.940000000 |
| Next Low | 3731.000000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3601.560000000 |
3886.440000000 – 3793.000000000 – 3782.830000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 64.395449239001 – 54.843644531153
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – –