ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A descent down to the next support line at 4616.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Collapsing Doji Star’ candle chart pattern is discovered. The candles show ‘Collapsing Doji Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 4758.820000000 |
| Next Low | 4616.000000000 |
| 2nd Low | 4256.920000000 |
| 3rd Low | 4190.000000000 |
4639.700000000 – 4366.460000000 – 4349.810000000 – 4616.000000000 – 4256.920000000 – 4190.000000000 — 61.847500341276 – 57.113767904029
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –