ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 4166.770000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 4340.150000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. 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 | 4533.950000000 |
| 2nd High | 4388.650000000 |
| Next High | 4340.150000000 |
| Current Price | 4121.340000000 |
| Next Low | 4166.770000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3647.630000000 |
4340.150000000 – 4388.650000000 – 4533.950000000 – 4193.770000000 – 4225.860000000 – 4427.440000000 — 35.843036755898 – 34.15651692925
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –