ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 2431.560000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 2603.600000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 2475.20316 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 2603.600000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2680.340000000 |
| 2nd High | 2635.500000000 |
| Next High | 2603.600000000 |
| Current Price | 2517.800000000 |
| Next Low | 2431.560000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2603.600000000 – 2635.500000000 – 2619.280000000 – 2527.370000000 – 2565.310000000 – 2556.120000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows –