ETH/USDT – 4H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 4576.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Besides a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 4788.000000000 |
| Next High | 4576.000000000 |
| Current Price | 4259.040000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4576.000000000 – 4788.000000000 – 3878.670000000 – 4060.000000000 – 4368.000000000 – 3546.000000000 — 47.86121568284 – 46.431559600368
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –