ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 3310.770000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3425.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3425.000000000 |
| Current Price | 3450.040000000 |
| Next Low | 3310.770000000 |
| 2nd Low | 2932.460000000 |
| 3rd Low | 2903.850000000 |
3425.000000000 – 3152.530000000 – 3097.320000000 – 3310.770000000 – 2932.460000000 – 2940.240000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two Crows – Double bottom chart pattern