ETH/USDT – 30M – SELLIn addition a ‘Double bottom retreat down’ chart layout is discovered. The chart forms ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 4284.630000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 4336.020000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.000000000 |
| 2nd High | 4343.030000000 |
| Next High | 4336.020000000 |
| Current Price | 4320.120000000 |
| Next Low | 4284.630000000 |
| 2nd Low | 4270.810000000 |
| 3rd Low | 4236.000000000 |
4336.020000000 – 4311.230000000 – 4315.350000000 – 4284.630000000 – 4270.810000000 – 4276.760000000 — 62.603139673174 – 53.713772093541
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –