The pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1590.8 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1714.5 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Southern Doji’ chart pattern is found. The chart forms ‘Southern Doji’. this 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1893.07 |
| 2nd High | 1721.93 |
| Next High | 1714.5 |
| Current Price | 1639.520000000 |
| Next Low | 1590.8 |
| 2nd Low | 1546.06 |
| 3rd Low | 1471.02 |
1714.5 – 1721.93 – 1893.07 – 1654.63 – 1590.8 – 1717.28 —
1670.840000000 – 1661.690000000 —
35.511161306091 – 42.688330893647 —
– —
1714.5 – 1780952400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –