The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support level at 1835.36 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2028 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2082.81 |
| 2nd High | 2054.8 |
| Next High | 2028 |
| Current Price | 1914.260000000 |
| Next Low | 1835.36 |
| 2nd Low | 1800 |
| 3rd Low | 1747.8 |
2028 – 2054.8 – 1937.17 – 1835.36 – 1887 – 1907.48 —
2009.380000000 – 1967.720000000 —
56.615087926802 – 39.676690330561 —
– —
2028 – 1772373600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –