Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 2348.26 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 2379.52 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2404.37 |
| 2nd High | 2398.93 |
| Next High | 2379.52 |
| Current Price | 2371.490000000 |
| Next Low | 2344.83 |
| 2nd Low | 2314.25 |
| 3rd Low | 2309.24 |
2379.52 – 2398.93 – 2343.6 – 2344.83 – 2314.25 – 2309.24 —
2384.340000000 – 2384.620000000 —
64.659061909377 – 56.991592202657 —
– —
2379.52 – 1777905000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –