ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support line at 3183.27 is certain.
Caution: A possible change in the direction of the resistance level at 3301.6 could happen.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
And also a ‘Southern Doji’ candlestick chart pattern is detected. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3565.84 |
| 2nd High | 3308.86 |
| Next High | 3301.6 |
| Current Price | 3191.540000000 |
| Next Low | 3183.27 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3301.6 – 3308.86 – 3253.76 – 3183.27 – 3203.34 – 3126 — 34.965257079902 – 34.278155695194 — 41.518165465812 – 25.159123924533 – 45.826939575319 – 38.270839140306
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –