ETH/USDT – 4H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 2875.77 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 3045.78 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3402.89 |
| 2nd High | 3368.82 |
| Next High | 3045.78 |
| Current Price | 2740.160000000 |
| Next Low | 2875.77 |
| 2nd Low | 2866.11 |
| 3rd Low | 2775.19 |
3045.78 – 3368.82 – 3402.89 – 2875.77 – 2866.11 – 3253.01 —
3031.680000000 – 2827.590000000 —
56.025360184198 – 32.693023977402 —
– —
3045.78000 – 1769601600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –