ETH/USDT – 30M – SELLThe currency pair goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 2421.290000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2497.890000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 2421.29 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 2497.890000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2586.800000000 |
| 2nd High | 2523.450000000 |
| Next High | 2497.890000000 |
| Current Price | 2454.470000000 |
| Next Low | 2421.290000000 |
| 2nd Low | 2382.590000000 |
| 3rd Low | 2330.660000000 |