ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 4334.400000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 4491.460000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Last Engulfing Top’ chart pattern is found. The chart forms ‘Last Engulfing Top’. which is a bearish chart scenario. The currency 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’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4633.970000000 |
| 2nd High | 4516.750000000 |
| Next High | 4491.460000000 |
| Current Price | 4468.910000000 |
| Next Low | 4334.400000000 |
| 2nd Low | 4332.150000000 |
| 3rd Low | 4257.200000000 |
4491.460000000 – 4415.610000000 – 4379.550000000 – 4334.400000000 – 4332.150000000 – 4257.200000000 — 61.626175463529 – 54.153115068296
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – Double bottom chart pattern – –