ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 3296.34 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 3319.5 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3384.19 |
| 2nd High | 3330.26 |
| Next High | 3319.5 |
| Current Price | 3324.990000000 |
| Next Low | 3296.34 |
| 2nd Low | 3253.01 |
| 3rd Low | 3065.55 |
3319.5 – 3330.26 – 3299.89 – 3296.34 – 3253.01 – 3277.04 — 67.276167096997 – 54.815180923133 — 71.208735199561 – 68.429412166262 – 64.160720353381 – 66.532849613329
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double top chart pattern – –