The combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 2359.88 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Three Line Strike – Bearish’ candlestick pattern is discovered. The chart shows ‘Three Line Strike – Bearish’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2475.98 |
| 2nd High | 2396.62 |
| Next High | 2359.88 |
| Current Price | 2315.770000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2359.88 – 2396.62 – 2475.98 – 2284.48 – 2313.33 – 2157.14 —
2350.710000000 – 2333.100000000 —
50.381306971511 – 47.706867188079 —
– —
2359.88000 – 1770080400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Line Strike – Bearish – – –