ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 2786.63 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 2858.16 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Collapsing Doji Star’ candlestick chart pattern is discovered. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2858.16 |
| Current Price | 2814.340000000 |
| Next Low | 2786.63 |
| 2nd Low | 2777.2 |
| 3rd Low | 2704.33 |
2858.16 – 2852.17 – 2759.02 – 2786.63 – 2777.2 – 2704.33 — 61.419478050617 – 48.09442863058 — 90.742761677647 – 77.939452730286 – 85.85920285174 – 86.976633478392
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –