The combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 4332.150000000 is expected.
Caution: A possible change in the direction of the resistance level at 4415.610000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4516.750000000 |
| 2nd High | 4454.400000000 |
| Next High | 4415.610000000 |
| Current Price | 4350.000000000 |
| Next Low | 4332.150000000 |
| 2nd Low | 4257.200000000 |
| 3rd Low | 4207.390000000 |
4415.610000000 – 4379.550000000 – 4454.400000000 – 4332.150000000 – 4257.200000000 – 4265.000000000 — 43.726479168062 – 42.69118398906
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –