The combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at is expected.
Caution: A possible counter-trend in the direction of resistance at 4328.370000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern signal. 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 | 4388.650000000 |
| 2nd High | 4378.000000000 |
| Next High | 4328.370000000 |
| Current Price | 4281.230000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4328.370000000 – 4378.000000000 – 4242.000000000 – 4204.200000000 – 4106.370000000 – 4060.000000000 — 54.42505318414 – 54.409436004005
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –