ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support line at 3092.59 is certain.
Caution: A possible trend reversal in the direction of resistance at 3171.49 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3308.86 |
| 2nd High | 3301.6 |
| Next High | 3171.49 |
| Current Price | 3115.470000000 |
| Next Low | 3092.59 |
| 2nd Low | 3078.71 |
| 3rd Low | 3077.99 |
3171.49 – 3147.27 – 3104.12 – 3092.59 – 3078.71 – 3088.81 — 50.281813530499 – 39.358795546291 — 17.892795282308 – 3.1190187356787 – 29.722462882771 – 16.097860396317
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –