ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 4311.040000000 is certain.
Caution: A possible change in the direction of resistance at 4956.780000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4956.780000000 |
| Current Price | 4570.170000000 |
| Next Low | 4311.040000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4956.780000000 – 4817.400000000 – 4887.590000000 – 4311.040000000 – 4207.390000000 – 4204.200000000 — 60.002423538614 – 55.179915034478
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –