ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 4276.760000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 4384.060000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.640000000 |
| 2nd High | 4490.000000000 |
| Next High | 4384.060000000 |
| Current Price | 4361.530000000 |
| Next Low | 4276.760000000 |
| 2nd Low | 4270.810000000 |
| 3rd Low | 4236.000000000 |
4384.060000000 – 4336.020000000 – 4311.230000000 – 4276.760000000 – 4281.800000000 – 4284.630000000 — 70.558408632464 – 65.095711631418
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –