ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 3527.000000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 3665.310000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. 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 | 3798.650000000 |
| 2nd High | 3764.200000000 |
| Next High | 3665.310000000 |
| Current Price | 3600.970000000 |
| Next Low | 3527.000000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3665.310000000 – 3764.200000000 – 3748.900000000 – 3527.000000000 – 3655.190000000 – 3616.540000000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – –