ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish movement down to the next support level at 4186.160000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 4349.810000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4349.810000000 |
| Current Price | 4312.130000000 |
| Next Low | 4186.160000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3647.630000000 |
4349.810000000 – 4332.600000000 – 4246.650000000 – 4186.160000000 – 4153.070000000 – 4160.000000000 — 68.463322253629 – 58.340888928994
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –