The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 2297.59 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 2343.6 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ chart pattern is existing. The candles show ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2404.37 |
| 2nd High | 2346.95 |
| Next High | 2343.6 |
| Current Price | 2322.210000000 |
| Next Low | 2297.59 |
| 2nd Low | 2278.98 |
| 3rd Low | 2252.42 |
2343.6 – 2313.98 – 2308.34 – 2297.59 – 2278.98 – 2252.42 —
2313.460000000 – 2327.390000000 —
56.280062101148 – 66.501219207005 —
– —
2343.6 – 1777757400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –