ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support level at 3477.580000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3673.840000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. 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 | |
| 2nd High | |
| Next High | 3673.840000000 |
| Current Price | 3570.990000000 |
| Next Low | 3477.580000000 |
| 2nd Low | 2932.460000000 |
| 3rd Low | 2903.850000000 |
3673.840000000 – 3480.190000000 – 3083.000000000 – 3477.580000000 – 2932.460000000 – 2940.240000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern