ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 2512 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 2905.93 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2905.93 |
| Current Price | 2705.320000000 |
| Next Low | 2512 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
2905.93 – 3169.95 – 3050.05 – 2790.01 – 3022.09 – 2946.56 — 45.346658179837 – 42.107901893239 — 89.270322056562 – 81.135091926459 – 94.24896540451 – 89.047900353835
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Triple top chart pattern – –