ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 2477.730000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 2548.630000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2679.880000000 |
| 2nd High | 2640.860000000 |
| Next High | 2548.630000000 |
| Current Price | 2530.720000000 |
| Next Low | 2477.730000000 |
| 2nd Low | 2457.000000000 |
| 3rd Low | 2381.490000000 |
2548.630000000 – 2521.130000000 – 2544.360000000 – 2477.730000000 – 2490.580000000 – 2508.080000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing