The currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2512 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 3045.78 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3045.78 |
| Current Price | 2534.200000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
3045.78 – 3035.08 – 2957.04 – 2636.01 – 2689 – 2983.67 —
2701.000000000 – 2636.970000000 —
36.538143559842 – 26.030100859978 —
– —
3045.78000 – 1769605200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –