ETH/USDT – 30M – BUYThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 3304.630000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 3514.940000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Shooting Star’ candle pattern is found. The chart shows ‘Shooting Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4031.380000000 |
| 2nd High | 3547.950000000 |
| Next High | 3514.940000000 |
| Current Price | 3398.170000000 |
| Next Low | 3304.630000000 |
| 2nd Low | 3216.970000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star