ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A bearish descent down to the next support at 3731.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 3793.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 3747.31984 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 3793.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3793.000000000 |
| Current Price | 3778.920000000 |
| Next Low | 3731.000000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3601.560000000 |
3793.000000000 – 3782.830000000 – 3767.130000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 63.921736216703 – 57.301620392327