The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of the resistance line at 3878.670000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3886.440000000 |
| Next High | 3878.670000000 |
| Current Price | 3737.720000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3878.670000000 – 3832.000000000 – 3834.030000000 – 3677.650000000 – 3744.160000000 – 3716.040000000 — 30.965259266842 – 27.500105616051
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –