ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish descent down to the next support line at 1778.99 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1810.21 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1849.54 |
| 2nd High | 1839.77 |
| Next High | 1810.21 |
| Current Price | 1785.370000000 |
| Next Low | 1778.99 |
| 2nd Low | 1763.36 |
| 3rd Low | 1758 |
1810.21 – 1839.77 – 1849.54 – 1778.99 – 1763.36 – 1758 —
1805.680000000 – 1797.200000000 —
51.516651356129 – 45.959500648493 —
– —
1810.21 – 1781661600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –