ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 4553.700000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4644.470000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Evening Star’ candlestick pattern is found. The chart forms ‘Evening Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4692.360000000 |
| 2nd High | 4670.280000000 |
| Next High | 4644.470000000 |
| Current Price | 4607.560000000 |
| Next Low | 4553.700000000 |
| 2nd Low | 4412.000000000 |
| 3rd Low | 4350.010000000 |
4644.470000000 – 4557.670000000 – 4538.250000000 – 4553.700000000 – 4412.000000000 – 4464.000000000 — 61.400760612968 – 56.020964153883
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Evening Star – Rising Wedge Chart Pattern – –