Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1929.56 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 2163.66 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.82 |
| 2nd High | 2199 |
| Next High | 2163.66 |
| Current Price | 1975.350000000 |
| Next Low | 1955.95 |
| 2nd Low | 1945.08 |
| 3rd Low | 1929.56 |
2163.66 – 2199 – 2014.12 – 1955.95 – 2054.75 – 1945.08 —
1993.300000000 – 1984.630000000 —
29.842262348717 – 34.125461556131 —
– —
2163.66 – 1772704800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –