The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 2313.89 will continue.
Caution: A possible counter-trend in the direction of resistance at 2423.74 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. 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 | 2464.91 |
| 2nd High | 2423.75 |
| Next High | 2423.74 |
| Current Price | 2294.820000000 |
| Next Low | 2313.89 |
| 2nd Low | 2309.24 |
| 3rd Low | 2297.59 |
2423.74 – 2399.5 – 2398.93 – 2313.89 – 2354.34 – 2309.24 —
2338.570000000 – 2333.020000000 —
41.895421357449 – 34.315273177807 —
– —
2423.74 – 1778065200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –