ETH/USDT – 1H – SELLThe pair goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 3118.390000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 3331.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3442.500000000 |
| Next High | 3331.000000000 |
| Current Price | 3109.400000000 |
| Next Low | 3118.390000000 |
| 2nd Low | 3116.690000000 |
| 3rd Low | 3069.000000000 |