The currency pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 3013.73 is expected.
Caution: A possible trend reversal in the direction of resistance at 3150 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.
Then a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. 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 | 3225 |
| 2nd High | 3193.33 |
| Next High | 3150 |
| Current Price | 3124.100000000 |
| Next Low | 3013.73 |
| 2nd Low | 2907.52 |
| 3rd Low | 2782.19 |
3150 – 3058.01 – 3069 – 3013.73 – 2907.52 – 3024.07 — 62.421248203135 – 59.826112003127 — 98.581560283688 – 91.389029697725 – 98.058228068656 – 96.656863327138
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –