The pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 2763 will persist.
Caution: A possible change in the direction of the resistance level at 2885.75 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2885.75 |
| Current Price | 2795.260000000 |
| Next Low | 2763 |
| 2nd Low | 2704.33 |
| 3rd Low | 2623.57 |
2885.75 – 2858.16 – 2852.17 – 2763 – 2786.63 – 2777.2 — 42.935536750145 – 42.001517828974 — 6.5544541499002 – 5.8003729512219 – 7.4437990379635 – 5.559917558151
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Rising Wedge Chart Pattern – –