ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 3884.000000000 is certain.
Caution: A possible change in the direction of the resistance level at 4031.380000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 3900.7676 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 4031.380000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4107.800000000 |
| Next High | 4031.380000000 |
| Current Price | 3918.400000000 |
| Next Low | 3884.000000000 |
| 2nd Low | 3844.400000000 |
| 3rd Low | 3831.500000000 |