ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 2518.510000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 2583.240000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2585.200000000 |
| Next High | 2583.240000000 |
| Current Price | 2519.420000000 |
| Next Low | 2518.510000000 |
| 2nd Low | 2502.900000000 |
| 3rd Low | 2481.200000000 |
2583.240000000 – 2585.200000000 – 2834.860000000 – 2518.510000000 – 2502.900000000 – 2481.200000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows