ETH/USDT – 4H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 3070 will persist.
Caution: A possible trend reversal in the direction of resistance at 3658.98 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4253.72 |
| 2nd High | 3918.23 |
| Next High | 3658.98 |
| Current Price | 2720.170000000 |
| Next Low | 3070 |
| 2nd Low | 3057 |
| 3rd Low | 2932.46 |
3658.98 – 3918.23 – 4253.72 – 3070 – 3194.2 – 3057 — 28.482965490293 – 24.844381770417 — 0 – 0 – 11.066512234737 – 1.8578427456932
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –