ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 2655.610000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 2726.780000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2788.000000000 |
| 2nd High | 2744.420000000 |
| Next High | 2726.780000000 |
| Current Price | 2754.980000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2726.780000000 – 2548.630000000 – 2521.130000000 – 2655.610000000 – 2477.730000000 – 2490.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing