ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 2431.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2522.170000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2413.01858 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 2522.170000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2546.910000000 |
| 2nd High | 2525.000000000 |
| Next High | 2522.170000000 |
| Current Price | 2449.060000000 |
| Next Low | 2431.000000000 |
| 2nd Low | 2412.000000000 |
| 3rd Low | 2382.530000000 |
2522.170000000 – 2525.000000000 – 2463.880000000 – 2431.000000000 – 2412.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two Crows –