ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 2932.460000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 3673.840000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3673.840000000 |
| Current Price | 3517.300000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3673.840000000 – 3480.190000000 – 3083.000000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Double bottom retreat down