ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A descending movement down to the next support at 2655.610000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 2834.860000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2834.860000000 |
| Current Price | 2506.630000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2834.860000000 – 2798.760000000 – 2726.780000000 – 2655.610000000 – 2477.730000000 – 2490.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Last Engulfing Bottom: