The combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 2285.42 is certain.
Caution: A possible change in the direction of resistance at 2338.79 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.75 |
| 2nd High | 2343.58 |
| Next High | 2338.79 |
| Current Price | 2309.200000000 |
| Next Low | 2285.42 |
| 2nd Low | 2284.19 |
| 3rd Low | 2278.38 |
2338.79 – 2343.58 – 2423.75 – 2285.42 – 2305.61 – 2331.5 —
2335.390000000 – 2317.350000000 —
48.09110161849 – 45.700724271652 —
– —
2338.79 – 1776981600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –