ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 2655.610000000 will persist.
Caution: A possible change in the direction of the resistance line at 2726.780000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2788.000000000 |
| 2nd High | 2744.420000000 |
| Next High | 2726.780000000 |
| Current Price | 2741.730000000 |
| 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 – Matching Low