ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 2943.840000000 is expected.
Caution: A possible change in the direction of the resistance zone at 2970.41 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Top’ candlestick pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3069.07 |
| 2nd High | 3019.26 |
| Next High | 2970.41 |
| Current Price | 2963.820000000 |
| Next Low | 2943.840000000 |
| 2nd Low | 2892.4 |
| 3rd Low | 2866.11 |
2970.41 – 3019.26 – 2984.71 – 2943.840000000 – 2953.99 – 2892.4 —
2958.550000000 – 2964.950000000 —
46.423478205112 – 54.751453640539 —
2943.840000000 – 1769263200 —
2970.41000 – 1769223600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – – –