ETH/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 2300.55 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 2404.37 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Harami’ chart pattern is discovered. The candles show ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2464.91 |
| 2nd High | 2423.75 |
| Next High | 2404.37 |
| Current Price | 2320.040000000 |
| Next Low | 2306.72 |
| 2nd Low | 2300.55 |
| 3rd Low | 2300.22 |
2404.37 – 2337.68 – 2320.42 – 2324.19 – 2306.72 – 2300.55 —
2335.920000000 – 2321.990000000 —
30.792715082726 – 34.146164454523 —
– —
2404.37 – 1777251600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Harami – – –