The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 4166.770000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 4340.150000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. 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 | 4533.950000000 |
| 2nd High | 4388.650000000 |
| Next High | 4340.150000000 |
| Current Price | 4126.270000000 |
| Next Low | 4166.770000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3647.630000000 |
4340.150000000 – 4388.650000000 – 4533.950000000 – 4193.770000000 – 4225.860000000 – 4427.440000000 — 34.867092824936 – 32.555424924095
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –