ETH/USDT – 1H – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 2987 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 2845.665 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2987 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. 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 | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 2987 |
| Current Price | 2907.210000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2987 – 2885.75 – 2858.16 – 2857.32 – 2785.04 – 2763 — 46.08014322388 – 44.717557199354 — 21.303044399649 – 9.9498630278596 – 26.250883921297 – 20.935200978619
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –