The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support level at 3126 will persist.
Caution: A possible change in the direction of resistance at 3265.660000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3265.660000000 |
| Current Price | 3216.100000000 |
| Next Low | 3126 |
| 2nd Low | 3020.79 |
| 3rd Low | 2977.74 |
3265.660000000 – 3005.98 – 2988.96 – 3126 – 3020.79 – 2977.74 — 62.800509427238 – 60.259217142469 — 46.503873944459 – 38.342946385333 – 54.595339659325 – 46.571934219214
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –