ETH/USDT – 4H – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 2623.57 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 3658.98 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4253.72 |
| 2nd High | 3918.23 |
| Next High | 3658.98 |
| Current Price | 3004.900000000 |
| Next Low | 2623.57 |
| 2nd Low | 2474.24 |
| 3rd Low | 2373 |
2987 – 3658.98 – 3918.23 – 2623.57 – 3070 – 3194.2 — 55.613659744617 – 52.497483413063 — 22.668890012503 – 2.6861611696702 – 52.196399154152 – 27.119091509336
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –