ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 3529.760000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3642.190000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish 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 | 3684.920000000 |
| Next High | 3642.190000000 |
| Current Price | 3569.810000000 |
| Next Low | 3529.760000000 |
| 2nd Low | 3252.000000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing