The pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 3032.590000000 is expected.
Caution: A possible change in the direction of the resistance zone at 3346.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 3700.860000000 |
2nd High | 3386.360000000 |
Next High | 3346.000000000 |
Current Price | 3195.630000000 |
Next Low | 3032.590000000 |
2nd Low | 3029.410000000 |
3rd Low | 3014.500000000 |