ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 2110 is considered certain.
Caution: A possible change in the direction of the resistance zone at 2295.74 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Last Engulfing Bottom:’ candle pattern is found. The chart shows ‘Last Engulfing Bottom:’. 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 ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2359.88 |
| 2nd High | 2343.82 |
| Next High | 2295.74 |
| Current Price | 2143.190000000 |
| Next Low | 2110 |
| 2nd Low | 1731.7 |
| 3rd Low | 1606.01 |
2295.74 – 2343.82 – 2359.88 – 2110 – 2262.15 – 2284.48 —
2140.690000000 – 2192.700000000 —
26.169260080591 – 45.68019136014 —
– —
2295.74 – 1770175800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –