ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 2655.610000000 is expected.
Caution: A possible change in the direction of resistance at 2798.760000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2798.760000000 |
| Current Price | 2803.010000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2798.760000000 – 2726.780000000 – 2548.630000000 – 2655.610000000 – 2477.730000000 – 2490.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low