The combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 1930 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1977.35 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Southern Doji’ candle pattern is discovered. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1996.04 |
| 2nd High | 1994.98 |
| Next High | 1977.35 |
| Current Price | 1949.180000000 |
| Next Low | 1930 |
| 2nd Low | 1929.56 |
| 3rd Low | 1921.7 |
1977.35 – 1994.98 – 1996.04 – 1930 – 1948.09 – 1964.34 —
1956.340000000 – 1974.320000000 —
46.98929164283 – 48.403617130723 —
– —
1977.35 – 1772928000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – – –