ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2984 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. 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 is likely expected. Target of the current trend is 2875 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 2984 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2987 |
| Next High | 2984 |
| Current Price | 2913.040000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2984 – 2987 – 2885.75 – 2857.32 – 2865.09 – 2788 — 43.542098362505 – 39.739409280106 — 26.824254881809 – 12.72053785543 – 35.199697384949 – 26.932025807925
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –