ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
A descending movement down to the next support line at 2655.610000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2798.760000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2798.760000000 |
| Current Price | 2795.300000000 |
| Next Low | 2655.610000000 |
| 2nd Low | 2477.730000000 |
| 3rd Low | 2457.000000000 |
2798.760000000 – 2726.780000000 – 2548.630000000 – 2655.610000000 – 2477.730000000 – 2490.580000000