The pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 4444.340000000 is considered certain.
Caution: A possible change in the direction of resistance at 4498.160000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 4544.440000000 |
| 2nd High | 4508.710000000 |
| Next High | 4498.160000000 |
| Current Price | 4444.970000000 |
| Next Low | 4444.340000000 |
| 2nd Low | 4435.700000000 |
| 3rd Low | 4412.000000000 |
4498.160000000 – 4492.240000000 – 4508.710000000 – 4444.340000000 – 4458.000000000 – 4456.430000000 — 37.473354403625 – 34.843240299295
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Double top chart pattern – –