ETH/USDT – 4H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 4210.610000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 4490.000000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4498.470000000 |
| 2nd High | 4490.640000000 |
| Next High | 4490.000000000 |
| Current Price | 4281.090000000 |
| Next Low | 4210.610000000 |
| 2nd Low | 4060.000000000 |
| 3rd Low | 3546.000000000 |
4490.000000000 – 4490.640000000 – 4498.470000000 – 4210.610000000 – 4257.200000000 – 4311.040000000 — 46.222761519484 – 44.126246847452
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Double top retreat up – –