The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1679.11 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1712.06 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1762.99 |
| 2nd High | 1719.51 |
| Next High | 1712.06 |
| Current Price | 1702.030000000 |
| Next Low | 1679.11 |
| 2nd Low | 1671.79 |
| 3rd Low | 1654.9 |
1712.06 – 1719.51 – 1762.99 – 1679.11 – 1682.35 – 1671.79 —
1702.220000000 – 1709.370000000 —
47.125950325295 – 58.007246831575 —
– —
1712.06 – 1781883000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –