ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support level at 3530.000000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3671.500000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. 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 | 3673.840000000 |
| Next High | 3671.500000000 |
| Current Price | 3551.590000000 |
| Next Low | 3530.000000000 |
| 2nd Low | 3361.200000000 |
| 3rd Low | 3310.770000000 |
3671.500000000 – 3673.840000000 – 3480.190000000 – 3530.000000000 – 3361.200000000 – 3310.770000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Bearish Engulfing –