ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish movement down to the next support level at is expected.
Caution: A possible change in the direction of resistance at 1669.590000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1570.305 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1669.590000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1817.000000000 |
| 2nd High | 1689.000000000 |
| Next High | 1669.590000000 |
| Current Price | 1609.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |