ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support at 3252.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 3684.920000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3684.920000000 |
| Current Price | 3592.400000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3032.590000000 |
| 3rd Low | 3029.410000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing