ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish descent down to the next support at 3363.620000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 3546.660000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3546.660000000 |
| Current Price | 3356.810000000 |
| Next Low | 3363.620000000 |
| 2nd Low | 3348.720000000 |
| 3rd Low | 3300.010000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing