ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish movement down to the next support at 2512 is expected.
Caution: A possible counter-trend in the direction of resistance at 3169.95 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency 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 | 2720.170000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
3169.95 – 3223.38 – 3249 – 2946.56 – 3004 – 3131.78 — 32.639426738684 – 27.255855198072 — 86.909609588884 – 68.376009386431 – 82.049099722434 – 81.537718269032
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –