ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 4256.920000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Last Engulfing Bottom:’ candle pattern is existing. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. 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 Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 4671.000000000 |
| Next Low | 4256.920000000 |
| 2nd Low | 4190.000000000 |
| 3rd Low | 4166.770000000 |
4639.700000000 – 4366.460000000 – 4349.810000000 – 4256.920000000 – 4190.000000000 – 4166.770000000 — 66.372267871852 – 56.213143430333
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – Triple bottom chart pattern – –