The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support at 3765.710000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 3905.000000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Evening Star’ candlestick chart pattern is existing. The chart shows ‘Evening Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ going down is 72% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 3905.000000000 |
Current Price | 3897.910000000 |
Next Low | 3765.710000000 |
2nd Low | 3690.000000000 |
3rd Low | 3500.000000000 |
Download ETH/USDT Signal Image
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Evening Star