ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 2899.77 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 3045.78 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 2875.77 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3045.78 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3045.78 |
| Current Price | 2824.320000000 |
| Next Low | 2899.77 |
| 2nd Low | 2875.77 |
| 3rd Low | 2866.11 |
3045.78 – 3035.08 – 2957.04 – 2983.67 – 2899.77 – 2875.77 —
2959.500000000 – 2939.000000000 —
36.805978491759 – 34.700683285843 —
– —
3045.78000 – 1769605200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –