ETH/USDT – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 3148.929 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 3304.780000000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3442.500000000 |
| Next High | 3304.780000000 |
| Current Price | 3158.810000000 |
| Next Low | 3116.690000000 |
| 2nd Low | 3105.000000000 |
| 3rd Low | 3069.000000000 |