ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A descent down to the next support level at 3252.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 3403.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 3293.11 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3403.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4107.800000000 |
| 2nd High | 4031.380000000 |
| Next High | 3403.000000000 |
| Current Price | 3259.830000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3032.590000000 |
| 3rd Low | 3029.410000000 |