ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 1968.68 is expected.
Caution: A possible trend reversal in the direction of resistance at 2039.05 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three Line Strike – Bearish’ candle pattern is discovered. The chart forms ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2107.67 |
| 2nd High | 2103.32 |
| Next High | 2039.05 |
| Current Price | 1970.680000000 |
| Next Low | 1968.68 |
| 2nd Low | 1941.66 |
| 3rd Low | 1937.24 |
2039.05 – 2015.33 – 2008.58 – 1968.68 – 1941.66 – 1937.24 —
2021.400000000 – 1986.590000000 —
63.170898702631 – 40.195288198616 —
– —
2039.05 – 1771401600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Line Strike – Bearish – Double top chart pattern – –