ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 3546.000000000 will persist.
Caution: A possible change in the direction of the resistance zone at 4340.150000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency 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 | 4576.000000000 |
| 2nd High | 4388.650000000 |
| Next High | 4340.150000000 |
| Current Price | 4121.340000000 |
| Next Low | 3546.000000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
4340.150000000 – 4388.650000000 – 4576.000000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 34.362738661302 – 33.281215261431
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –