ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 2689 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 2768.78 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency 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 | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2726.960000000 |
| Next Low | 2689 |
| 2nd Low | 2623.57 |
| 3rd Low | 2512 |
2768.78 – 2828.65 – 3038.45 – 2689 – 2754.53 – 2937.55 —
2766.530000000 – 2744.730000000 —
44.8721246315 – 43.696522706073 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double top chart pattern – –