The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 3361.200000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 3480.190000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3480.190000000 |
| Current Price | 3592.770000000 |
| Next Low | 3361.200000000 |
| 2nd Low | 3310.770000000 |
| 3rd Low | 2932.460000000 |
3480.190000000 – 3425.000000000 – 3152.530000000 – 3361.200000000 – 3310.770000000 – 2932.460000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Triple bottom chart pattern