ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 2655.610000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 2726.780000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2788.000000000 |
| 2nd High | 2744.420000000 |
| Next High | 2726.780000000 |
| Current Price | 2743.680000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2726.780000000 – 2548.630000000 – 2521.130000000 – 2655.610000000 – 2477.730000000 – 2490.580000000