The combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 2609.85 will continue.
Caution: A possible counter-trend in the direction of resistance at 2768.78 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. 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 | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2533.990000000 |
| Next Low | 2609.85 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2768.78 – 2828.65 – 3038.45 – 2609.85 – 2636.01 – 2689 —
2659.800000000 – 2636.970000000 —
34.042594485861 – 30.045412637216 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –