ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 4616.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 4748.690000000 |
| Next Low | 4616.000000000 |
| 2nd Low | 4256.920000000 |
| 3rd Low | 4190.000000000 |
4639.700000000 – 4366.460000000 – 4349.810000000 – 4616.000000000 – 4256.920000000 – 4190.000000000 — 59.397424206016 – 59.241861016726
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Triple bottom chart pattern – –