ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 2777.2 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2852.17 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 2803.2496 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 2852.17 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2852.17 |
| Current Price | 2814.880000000 |
| Next Low | 2777.2 |
| 2nd Low | 2704.33 |
| 3rd Low | 2623.57 |
2852.17 – 2759.02 – 2784.12 – 2777.2 – 2704.33 – 2623.57 — 58.069606863595 – 51.127477084354 — 79.177481869296 – 49.444342113342 – 88.360870899179 – 74.719514732594
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –