ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support level at 4720.000000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 4817.400000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4887.590000000 |
| Next High | 4817.400000000 |
| Current Price | 4729.450000000 |
| Next Low | 4720.000000000 |
| 2nd Low | 4690.720000000 |
| 3rd Low | 4659.700000000 |
4817.400000000 – 4768.900000000 – 4887.590000000 – 4720.000000000 – 4690.720000000 – 4659.700000000 — 44.615465069099 – 36.777006885186
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –