ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 2975.3 is expected.
Caution: A possible trend reversal in the direction of resistance at 3012.29 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3099 |
| 2nd High | 3014.09 |
| Next High | 3012.29 |
| Current Price | 3004.850000000 |
| Next Low | 2975.3 |
| 2nd Low | 2961.91 |
| 3rd Low | 2888.69 |
3012.29 – 3014.09 – 3099 – 2975.3 – 2961.91 – 2986.09 — 57.497255245602 – 52.756432506972 — 96.602134369192 – 83.286343796337 – 95.289891959879 – 92.171360245499
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –