ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 2906.02 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2984.71 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 2984.71 |
| Current Price | 2930.790000000 |
| Next Low | 2906.02 |
| 2nd Low | 2866.11 |
| 3rd Low | 2775.19 |
2984.71 – 3069.07 – 3002 – 2906.02 – 2866.11 – 2920 —
2935.020000000 – 2939.880000000 —
37.491570297226 – 43.63297930958 —
– —
2984.71000 – 1769142600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –