The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1955.95 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1979.8 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2163.66 |
| 2nd High | 1996.04 |
| Next High | 1979.8 |
| Current Price | 1937.100000000 |
| Next Low | 1955.95 |
| 2nd Low | 1945.08 |
| 3rd Low | 1929.56 |
1979.8 – 1996.04 – 2163.66 – 1964.34 – 1955.95 – 2054.75 —
1950.580000000 – 1962.240000000 —
40.207102350348 – 48.659117544435 —
– —
1979.8 – 1772964000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –