The currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 2285.1 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 2364.68 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. 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 | 2415.5 |
| 2nd High | 2385.61 |
| Next High | 2364.68 |
| Current Price | 2319.290000000 |
| Next Low | 2285.1 |
| 2nd Low | 2175.68 |
| 3rd Low | 2175 |
2364.68 – 2351.8 – 2385.61 – 2285.1 – 2345.04 – 2308.5 —
2349.000000000 – 2333.730000000 —
45.563415911618 – 44.487626541448 —
– —
2364.68 – 1776369600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –