ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 2932.460000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 3152.530000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Southern Doji’ candlestick pattern is detected. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3152.530000000 |
| Current Price | 3162.080000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3152.530000000 – 3097.320000000 – 2995.890000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Southern Doji – Double bottom chart pattern