ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 3304.630000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3413.780000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3287.79972 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 3413.780000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3547.950000000 |
| 2nd High | 3514.940000000 |
| Next High | 3413.780000000 |
| Current Price | 3370.120000000 |
| Next Low | 3304.630000000 |
| 2nd Low | 3216.970000000 |
| 3rd Low | 3032.590000000 |