The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 2338 is expected.
Caution: A possible trend reversal in the direction of resistance at 2423.74 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Line Strike – Bearish’ candlestick chart pattern is discovered. The chart forms ‘Three Line Strike – Bearish’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2464.91 |
| 2nd High | 2423.75 |
| Next High | 2423.74 |
| Current Price | 2344.720000000 |
| Next Low | 2338 |
| 2nd Low | 2314.25 |
| 3rd Low | 2309.24 |
2423.74 – 2388.54 – 2399.5 – 2338 – 2354.34 – 2359.71 —
2350.000000000 – 2349.410000000 —
35.699886483608 – 40.462626139865 —
– —
2423.74 – 1778065200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Line Strike – Bearish – – –