ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 2389.690000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2520.920000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2548.420000000 |
| 2nd High | 2546.910000000 |
| Next High | 2520.920000000 |
| Current Price | 2427.650000000 |
| Next Low | 2389.690000000 |
| 2nd Low | 2111.890000000 |
| 3rd Low | 1787.010000000 |
2520.920000000 – 2460.300000000 – 2546.910000000 – 2389.690000000 – 2111.890000000 – 2216.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two Crows – Inverse Head and Shoulder chart pattern