ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 3765.710000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 3956.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 3956.000000000 |
| Current Price | 3830.810000000 |
| Next Low | 3765.710000000 |
| 2nd Low | 3690.000000000 |
| 3rd Low | 3500.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing