The currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1903.19 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1988.070000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2032.31 |
| 2nd High | 2015.81 |
| Next High | 1988.070000000 |
| Current Price | 1962.900000000 |
| Next Low | 1903.19 |
| 2nd Low | 1866.13 |
| 3rd Low | 1747.8 |
1988.070000000 – 2015.81 – 2032.31 – 1903.19 – 1989.38 – 1995.83 —
1988.070000000 – 1974.280000000 —
56.069973663365 – 56.143283644977 —
1988.070000000 – 1770845400 —
– 1770845400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –