ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 4430.000000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 4516.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Last Engulfing Bottom:’ candle pattern is existing. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4663.930000000 |
| 2nd High | 4633.970000000 |
| Next High | 4516.750000000 |
| Current Price | 4433.830000000 |
| Next Low | 4430.000000000 |
| 2nd Low | 4311.040000000 |
| 3rd Low | 4207.390000000 |
4516.750000000 – 4633.970000000 – 4663.930000000 – 4430.000000000 – 4467.630000000 – 4538.690000000 — 39.812626371619 – 34.830748334659
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – Double bottom retreat down – –