The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1816.92 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1893.07 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2023 |
| 2nd High | 2004.13 |
| Next High | 1893.07 |
| Current Price | 1819.160000000 |
| Next Low | 1816.92 |
| 2nd Low | 1800 |
| 3rd Low | 1747.8 |
1893.07 – 2004.13 – 1994.39 – 1816.92 – 1956.04 – 1993.75 —
1886.830000000 – 1859.750000000 —
43.838362232548 – 33.341423807461 —
– —
1893.07 – 1780480800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –