The combination Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1820.74 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1881.59 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Last Engulfing Bottom:’ candle chart pattern is found. The chart forms ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1929.48 |
| 2nd High | 1894.38 |
| Next High | 1881.59 |
| Current Price | 1836.260000000 |
| Next Low | 1820.74 |
| 2nd Low | 1750.2 |
| 3rd Low | 1737.68 |
1881.59 – 1894.38 – 1929.48 – 1820.74 – 1862.57 – 1908.12 —
1833.560000000 – 1838.350000000 —
31.609540637844 – 41.319101847432 —
– —
1881.59 – 1784239200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –