ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 4311.040000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 4956.780000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | |
| 2nd High | |
| Next High | 4956.780000000 |
| Current Price | 4581.400000000 |
| Next Low | 4311.040000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4956.780000000 – 4817.400000000 – 4887.590000000 – 4311.040000000 – 4207.390000000 – 4204.200000000 — 54.570029205819 – 53.634626354599
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –