The combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance level at 2015.33 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which 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 | 2103.32 |
| 2nd High | 2023.51 |
| Next High | 2015.33 |
| Current Price | 1974.410000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2015.33 – 2008.58 – 2023.51 – 1941.66 – 1937.24 – 1928.88 —
2001.500000000 – 1997.890000000 —
55.967200076807 – 52.754249010064 —
– —
2015.33 – 1771354800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top retreat up – –