ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 3515.890000000 is likely expected.
Caution: A possible change in the direction of resistance at 4031.380000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | |
| 2nd High | 4107.800000000 |
| Next High | 4031.380000000 |
| Current Price | 3523.460000000 |
| Next Low | 3515.890000000 |
| 2nd Low | 3509.000000000 |
| 3rd Low | 3500.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing