The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 4265.000000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 4454.400000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4633.970000000 |
| 2nd High | 4516.750000000 |
| Next High | 4454.400000000 |
| Current Price | 4265.090000000 |
| Next Low | 4265.000000000 |
| 2nd Low | 4207.390000000 |
| 3rd Low | 4204.200000000 |
4454.400000000 – 4516.750000000 – 4633.970000000 – 4265.000000000 – 4430.000000000 – 4467.630000000 — 42.008412564661 – 30.983816894721
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –