ETH/USDT – 30M – SELLBesides a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 3601.560000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 3878.670000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3657.520000000 |
| Next Low | 3601.560000000 |
| 2nd Low | 3599.440000000 |
| 3rd Low | 3502.850000000 |
3878.670000000 – 3832.000000000 – 3834.030000000 – 3677.650000000 – 3744.160000000 – 3716.040000000 — 24.337296506885 – 19.394214830546
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double top chart pattern –