ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 2300.55 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 2323.21 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2338.79 |
| 2nd High | 2331.85 |
| Next High | 2323.21 |
| Current Price | 2313.850000000 |
| Next Low | 2300.55 |
| 2nd Low | 2300.22 |
| 3rd Low | 2285.42 |
2323.21 – 2331.85 – 2338.79 – 2300.55 – 2307.2 – 2301.61 —
2317.350000000 – 2318.160000000 —
55.287924413124 – 51.161333500383 —
– —
2323.21 – 1777109400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –