ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 2785.04 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 2987 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2922.300000000 |
| Next Low | 2785.04 |
| 2nd Low | 2763 |
| 3rd Low | 2704.33 |
2987 – 2885.75 – 2858.16 – 2785.04 – 2763 – 2704.33 — 58.035683268562 – 56.359027323557 — 16.019816499671 – 14.454403186798 – 24.391817998076 – 18.830389279787
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –