ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support level at 1614.32 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1725 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1796.08 |
| 2nd High | 1779.9 |
| Next High | 1725 |
| Current Price | 1701.930000000 |
| Next Low | 1614.32 |
| 2nd Low | 1602.43 |
| 3rd Low | 1565.26 |
1725 – 1646.26 – 1631 – 1614.32 – 1602.43 – 1565.26 —
1703.970000000 – 1718.970000000 —
62.565865038622 – 65.720987445285 —
– —
1725 – 1783000800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –