ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 3534.280000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 3726.710000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 3529.76 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 3726.710000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3726.710000000 |
| Current Price | 3545.290000000 |
| Next Low | 3534.280000000 |
| 2nd Low | 3529.760000000 |
| 3rd Low | 3252.000000000 |