ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 2307.2 will continue.
Caution: A possible trend reversal in the direction of resistance at 2331.85 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick chart 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.58 |
| 2nd High | 2338.79 |
| Next High | 2331.85 |
| Current Price | 2317.370000000 |
| Next Low | 2307.2 |
| 2nd Low | 2301.61 |
| 3rd Low | 2300.22 |
2331.85 – 2338.79 – 2343.58 – 2307.2 – 2301.61 – 2300.22 —
2317.620000000 – 2318.850000000 —
49.607242087693 – 53.558508022659 —
– —
2331.85 – 1777032000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –