ETH/USDT – 4H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 2910.25 is certain.
Caution: A possible trend reversal in the direction of resistance at 3177.5 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K fall below 80’ indicator layout is detected. The indicator shows ‘%K fall below 80’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3658.98 |
| 2nd High | 3447.44 |
| Next High | 3177.5 |
| Current Price | 3164.700000000 |
| Next Low | 2910.25 |
| 2nd Low | 2888.7 |
| 3rd Low | 2775.19 |
3057.78 – 3077.39 – 3020 – 2910.25 – 2888.7 – 2944 — 59.120298161034 – 50.000145396287 — 0.81631759788152 – 0 – 11.596412329674 – 5.8477228459502
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –