ETH/USDT – 4H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 2932.460000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 3673.840000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency 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 | |
| 2nd High | |
| Next High | 3673.840000000 |
| Current Price | 3747.070000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2474.240000000 |
| 3rd Low | 2373.000000000 |
3673.840000000 – 3040.150000000 – 2635.500000000 – 2932.460000000 – 2474.240000000 – 2373.000000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Two Crows –