The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish trend down to the next support at 2940.240000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 3083.000000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. 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 | |
| Next High | 3083.000000000 |
| Current Price | 2951.800000000 |
| Next Low | 2940.240000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3020.310000000 – 2979.780000000 – 2940.240000000 – 2903.850000000 – 2923.320000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows –