ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 2297.59 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2343.6 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Shooting Star’ chart pattern is discovered. The candles show ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2404.37 |
| 2nd High | 2346.95 |
| Next High | 2343.6 |
| Current Price | 2328.030000000 |
| Next Low | 2297.59 |
| 2nd Low | 2278.98 |
| 3rd Low | 2252.42 |
2343.6 – 2313.98 – 2308.34 – 2297.59 – 2278.98 – 2252.42 —
2327.500000000 – 2332.550000000 —
62.363186923199 – 68.974302168832 —
– —
2343.6 – 1777757400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –