ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 4444.340000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 4492.240000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4544.440000000 |
| 2nd High | 4508.710000000 |
| Next High | 4492.240000000 |
| Current Price | 4457.630000000 |
| Next Low | 4444.340000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4492.240000000 – 4508.710000000 – 4484.810000000 – 4444.340000000 – 4458.000000000 – 4456.430000000 — 45.164334717931 – 38.309837459983
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –