The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 2923.320000000 will persist.
Caution: A possible change in the direction of resistance at 3010.390000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3040.150000000 |
| Next High | 3010.390000000 |
| Current Price | 2943.310000000 |
| Next Low | 2923.320000000 |
| 2nd Low | 2512.000000000 |
| 3rd Low | 2474.240000000 |
3010.390000000 – 3040.150000000 – 2588.420000000 – 2923.320000000 – 2936.460000000 – 2512.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern