ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 4466.000000000 is certain.
Caution: A possible change in the direction of the resistance line at 4670.280000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4769.360000000 |
| 2nd High | 4692.360000000 |
| Next High | 4670.280000000 |
| Current Price | 4514.040000000 |
| Next Low | 4466.000000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4670.280000000 – 4692.360000000 – 4769.360000000 – 4466.000000000 – 4580.100000000 – 4576.890000000 — 49.921876335659 – 47.401592668937
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –