ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish descent down to the next support level at 2431.560000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2603.600000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.
There is also a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2635.500000000 |
| Next High | 2603.600000000 |
| Current Price | 2516.850000000 |
| Next Low | 2431.560000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2603.600000000 – 2635.500000000 – 2619.280000000 – 2527.370000000 – 2565.310000000 – 2556.120000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low – Double bottom retreat down