The combination Ethereum/Tether (ETH/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 2284.48 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 2359.88 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2157.14 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 2359.88 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2475.98 |
| 2nd High | 2396.62 |
| Next High | 2359.88 |
| Current Price | 2272.810000000 |
| Next Low | 2284.48 |
| 2nd Low | 2157.14 |
| 3rd Low | 2111.89 |
2359.88 – 2396.62 – 2475.98 – 2284.48 – 2313.33 – 2157.14 —
2326.440000000 – 2299.940000000 —
46.784536110143 – 41.253889460338 —
– —
2359.88000 – 1770080400