ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 2344.83 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 2423.74 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2464.91 |
| 2nd High | 2423.75 |
| Next High | 2423.74 |
| Current Price | 2349.700000000 |
| Next Low | 2344.83 |
| 2nd Low | 2314.25 |
| 3rd Low | 2309.24 |
2423.74 – 2388.54 – 2399.5 – 2354.34 – 2359.71 – 2366.76 —
2405.110000000 – 2362.000000000 —
46.96686734661 – 37.959039160754 —
– —
2423.74 – 1778065200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –