ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A descent down to the next support line at 2037.79 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2148.8 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2199 |
| 2nd High | 2163.66 |
| Next High | 2148.8 |
| Current Price | 2095.940000000 |
| Next Low | 2037.79 |
| 2nd Low | 2017.59 |
| 3rd Low | 2007.17 |
2148.8 – 2095 – 2085.58 – 2037.79 – 2017.59 – 2007.17 —
2127.120000000 – 2115.240000000 —
64.437398960326 – 59.075160570444 —
– —
2148.8 – 1773361800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –