The pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1983.13 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Then a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2039.05 |
| 2nd High | 1995.56 |
| Next High | 1983.13 |
| Current Price | 1953.610000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1983.13 – 1982.99 – 1995.56 – 1935 – 1967.4 – 1955.62 —
1943.650000000 – 1956.310000000 —
30.106730754805 – 50.720190151942 —
– —
1983.13 – 1771759800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – – –