The combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 2008.62 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 2147.73 should be noted.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2295.74 |
| 2nd High | 2152.03 |
| Next High | 2147.73 |
| Current Price | 2053.070000000 |
| Next Low | 2008.62 |
| 2nd Low | 1866.13 |
| 3rd Low | 1747.8 |
2147.73 – 2152.03 – 2145.26 – 2008.62 – 2055.01 – 2072.8 —
2120.200000000 – 2073.670000000 —
58.569565818983 – 40.268065692049 —
– —
2147.73 – 1770667200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –