ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 2946.56 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3169.95 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3249 |
| 2nd High | 3223.38 |
| Next High | 3169.95 |
| Current Price | 2813.660000000 |
| Next Low | 2946.56 |
| 2nd Low | 2932.46 |
| 3rd Low | 2903.85 |
3169.95 – 3223.38 – 3249 – 2946.56 – 3004 – 3131.78 — 22.932642403361 – 21.814570614768 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Triple top chart pattern – –