ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 1924.72 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 2107.67 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2152.03 |
| 2nd High | 2147.73 |
| Next High | 2107.67 |
| Current Price | 2088.600000000 |
| Next Low | 1924.72 |
| 2nd Low | 1897.24 |
| 3rd Low | 1866.13 |
2107.67 – 2073.68 – 1958.21 – 1924.72 – 1897.24 – 1903.19 —
2086.610000000 – 2093.000000000 —
57.838817212697 – 58.360220047359 —
– —
2107.67 – 1771066800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –