ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A descent down to the next support level at 3193.970000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3322.490000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. 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 | 3346.000000000 |
| 2nd High | 3337.000000000 |
| Next High | 3322.490000000 |
| Current Price | 3224.640000000 |
| Next Low | 3193.970000000 |
| 2nd Low | 3158.000000000 |
| 3rd Low | 3032.590000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing