The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 4456.430000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 4508.710000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4620.720000000 |
| 2nd High | 4544.440000000 |
| Next High | 4508.710000000 |
| Current Price | 4475.870000000 |
| Next Low | 4456.430000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4508.710000000 – 4484.810000000 – 4544.440000000 – 4456.430000000 – 4435.700000000 – 4558.150000000 — 49.08897552766 – 45.807127832778
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –