ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 4430.000000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 4633.970000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4690.020000000 |
| 2nd High | 4663.930000000 |
| Next High | 4633.970000000 |
| Current Price | 4481.620000000 |
| Next Low | 4430.000000000 |
| 2nd Low | 4311.040000000 |
| 3rd Low | 4207.390000000 |
4633.970000000 – 4663.930000000 – 4645.930000000 – 4430.000000000 – 4467.630000000 – 4538.690000000 — 48.795232030681 – 42.115599664374
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –