ETH/USDT – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1717.28 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1852.2 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2004.13 |
| 2nd High | 1893.07 |
| Next High | 1852.2 |
| Current Price | 1770.110000000 |
| Next Low | 1730.13 |
| 2nd Low | 1717.28 |
| 3rd Low | 1606.01 |
1852.2 – 1893.07 – 2004.13 – 1730.13 – 1717.28 – 1816.92 —
1754.670000000 – 1791.290000000 —
39.819194730276 – 49.924333140323 —
– —
1852.2 – 1780524000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –