ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 2512 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 2905.93 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The 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 | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2905.93 |
| Current Price | 2727.570000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
2905.93 – 3169.95 – 3050.05 – 2790.01 – 3022.09 – 2946.56 — 46.409180222064 – 44.223893462719 — 100 – 96.711711711712 – 71.5530565596 – 88.130427846814
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –