ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at will persist.
Caution: A possible reversal of the trend in the direction of resistance at 2323.21 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
In addition a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2338.79 |
| 2nd High | 2331.85 |
| Next High | 2323.21 |
| Current Price | 2316.020000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2323.21 – 2331.85 – 2338.79 – 2307.2 – 2301.61 – 2300.22 —
2322.050000000 – 2317.880000000 —
57.231413896692 – 49.132381304296 —
– —
2323.21 – 1777109400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –