The combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at is certain.
Caution: A possible change in the direction of the resistance line at 2331.85 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.58 |
| 2nd High | 2338.79 |
| Next High | 2331.85 |
| Current Price | 2316.790000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2331.85 – 2338.79 – 2343.58 – 2307.2 – 2301.61 – 2300.22 —
2315.450000000 – 2319.320000000 —
45.338569531578 – 51.888944334584 —
– —
2331.85 – 1777032000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –