ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support line at 3078.71 will persist.
Caution: A possible trend reversal in the direction of resistance at 3147.27 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3301.6 |
| 2nd High | 3148.41 |
| Next High | 3147.27 |
| Current Price | 3113.160000000 |
| Next Low | 3078.71 |
| 2nd Low | 3077.99 |
| 3rd Low | 3065.23 |
3147.27 – 3104.12 – 3094.61 – 3078.71 – 3088.81 – 3077.99 — 55.57921265718 – 49.223714795185 — 27.686684070089 – 26.357452534618 – 16.778075517261 – 22.866079155913
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –