ETH/USDT – 4H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 2175 is considered certain.
Caution: A possible change in the direction of the resistance level at 2415.5 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 3368.82 |
| 2nd High | 3045.78 |
| Next High | 2415.5 |
| Current Price | 2332.420000000 |
| Next Low | 2175 |
| 2nd Low | 2021.5 |
| 3rd Low | 2017.04 |
2415.5 – 2329.93 – 2273.87 – 2175 – 2021.5 – 2017.04 —
2332.350000000 – 2369.590000000 —
61.36600822274 – 62.81916309418 —
– —
2415.5 – 1776168000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –