The pair Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 2716.04 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 3045.78 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3402.89 |
| 2nd High | 3368.82 |
| Next High | 3045.78 |
| Current Price | 2534.200000000 |
| Next Low | 2716.04 |
| 2nd Low | 2623.57 |
| 3rd Low | 2474.24 |
3045.78 – 3368.82 – 3402.89 – 2875.77 – 2866.11 – 3253.01 —
2828.650000000 – 2704.820000000 —
26.621356530557 – 25.611292147149 —
– —
3045.78000 – 1769601600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –