ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 3744.160000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3834.030000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3834.030000000 |
| Current Price | 3795.920000000 |
| Next Low | 3744.160000000 |
| 2nd Low | 3716.040000000 |
| 3rd Low | 3709.390000000 |
3834.030000000 – 3886.440000000 – 3793.000000000 – 3744.160000000 – 3716.040000000 – 3731.000000000 — 52.231615525175 – 51.112223622316
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – –