ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 2777.2 is considered certain.
Caution: A possible change in the direction of the resistance line at 2852.17 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Three Inside Down’ candle pattern is detected. The candles show ‘Three Inside Down’. this 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2852.17 |
| Current Price | 2800.050000000 |
| Next Low | 2777.2 |
| 2nd Low | 2704.33 |
| 3rd Low | 2623.57 |
2852.17 – 2759.02 – 2784.12 – 2777.2 – 2704.33 – 2623.57 — 53.490475820253 – 45.005351461518 — 26.062027625749 – 22.326470332725 – 22.587504677836 – 23.374019054238
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – Double bottom retreat down – –