ETH/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 2220.36 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 2346.95 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.75 |
| 2nd High | 2404.37 |
| Next High | 2346.95 |
| Current Price | 2238.970000000 |
| Next Low | 2220.36 |
| 2nd Low | 2175.68 |
| 3rd Low | 2175 |
2346.95 – 2342.5 – 2305.95 – 2220.36 – 2278.84 – 2258.24 —
2257.060000000 – 2256.820000000 —
41.444729640455 – 43.590224609831 —
– —
2346.95 – 1777456800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – – –