ETH/USDT – 30M – SELLNext a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 3731.000000000 is expected.
Caution: A possible change in the direction of the resistance zone at 3793.000000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘RSI fall below 70’ indicator signal is found. The indicator is ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3793.000000000 |
| Current Price | 3790.940000000 |
| Next Low | 3731.000000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3601.560000000 |
3793.000000000 – 3782.830000000 – 3767.130000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 69.325253990365 – 63.931090685758
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down –