The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 2354.34 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 2423.75 should be noted.
Consider stop-loss settings accordingly.
And also a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2475.98 |
| 2nd High | 2464.91 |
| Next High | 2423.75 |
| Current Price | 2368.510000000 |
| Next Low | 2354.34 |
| 2nd Low | 2344.83 |
| 3rd Low | 2314.25 |
2388.54 – 2399.5 – 2390.74 – 2354.34 – 2359.71 – 2366.76 —
2396.220000000 – 2412.200000000 —
62.877431634427 – 62.665241327338 —
– —
2388.54 – 1778014800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –