ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 4456.430000000 will persist.
Caution: A possible change in the direction of the resistance zone at 4508.710000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Last Engulfing Bottom:’ chart pattern is detected. The candles form ‘Last Engulfing Bottom:’. 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 probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4620.720000000 |
| 2nd High | 4544.440000000 |
| Next High | 4508.710000000 |
| Current Price | 4469.990000000 |
| Next Low | 4456.430000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4508.710000000 – 4484.810000000 – 4544.440000000 – 4456.430000000 – 4435.700000000 – 4558.150000000 — 43.060234737786 – 41.943117689468
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –