The currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 3601.560000000 will persist.
Caution: A possible change in the direction of resistance at 3767.130000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Inside Down’ candlestick chart pattern is found. The candles show ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3798.650000000 |
| 2nd High | 3771.000000000 |
| Next High | 3767.130000000 |
| Current Price | 3748.810000000 |
| Next Low | 3601.560000000 |
| 2nd Low | 3599.440000000 |
| 3rd Low | 3502.850000000 |
3767.130000000 – 3747.000000000 – 3771.000000000 – 3601.560000000 – 3599.440000000 – 3502.850000000 — 61.32940625894 – 55.227227140557
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – –