ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance level at 4415.610000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4516.750000000 |
| 2nd High | 4454.400000000 |
| Next High | 4415.610000000 |
| Current Price | 4362.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4415.610000000 – 4379.550000000 – 4454.400000000 – 4257.200000000 – 4265.000000000 – 4430.000000000 — 47.480498799448 – 47.265518897837
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –