ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 2940.240000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3045.290000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3010.650000000 – 3020.310000000 – 2967.970000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing –