ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 3252.000000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 3684.920000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3684.920000000 |
| Current Price | 3594.880000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3032.590000000 |
| 3rd Low | 3029.410000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing