ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support level at 2958.91 will continue.
Caution: A possible change in the direction of the resistance line at 3265.66 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair could go down.
Next a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3648.27 |
| 2nd High | 3588.19 |
| Next High | 3265.66 |
| Current Price | 3251.970000000 |
| Next Low | 2958.91 |
| 2nd Low | 2944.76 |
| 3rd Low | 2910.25 |
3265.66 – 3167.22 – 3028.08 – 2958.91 – 2944.76 – 2910.25 — 72.483126990065 – 62.569595171987 — 75.938805465393 – 62.583292983791 – 61.530244909927 – 68.271306755688
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Double bottom retreat down – –