ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 2940.240000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3083.000000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3083.000000000 |
| Current Price | 2949.460000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3010.650000000 – 3020.310000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern