ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 4060.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 4340.150000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency 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 | 4533.950000000 |
| 2nd High | 4388.650000000 |
| Next High | 4340.150000000 |
| Current Price | 4199.150000000 |
| Next Low | 4060.000000000 |
| 2nd Low | 3647.630000000 |
| 3rd Low | 3574.050000000 |
4340.150000000 – 4388.650000000 – 4533.950000000 – 4060.000000000 – 4193.770000000 – 4225.860000000 — 60.418694743472 – 53.048925982449
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –