The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support line at 4276.760000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 4315.350000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4490.000000000 |
| 2nd High | 4343.030000000 |
| Next High | 4315.350000000 |
| Current Price | 4290.930000000 |
| Next Low | 4276.760000000 |
| 2nd Low | 4236.000000000 |
| 3rd Low | 4210.610000000 |
4315.350000000 – 4343.030000000 – 4490.000000000 – 4276.760000000 – 4236.000000000 – 4256.030000000 — 50.826836966732 – 44.294669292098
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –