ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 3203.34 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 3253.76 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3565.84 |
| 2nd High | 3265.66 |
| Next High | 3253.76 |
| Current Price | 3272.320000000 |
| Next Low | 3203.34 |
| 2nd Low | 3126 |
| 3rd Low | 3020.79 |
3253.76 – 3265.66 – 3005.98 – 3203.34 – 3126 – 3020.79 — 68.856591104304 – 59.390263585958 — 69.506347546884 – 43.048769791087 – 69.32725159898 – 60.816432584757
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Triple bottom chart pattern – –