The combination Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 2313.89 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 2346.89 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. 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 | 2423.75 |
| 2nd High | 2423.74 |
| Next High | 2346.89 |
| Current Price | 2309.780000000 |
| Next Low | 2313.89 |
| 2nd Low | 2309.24 |
| 3rd Low | 2297.59 |
2346.89 – 2423.74 – 2388.54 – 2313.89 – 2338 – 2354.34 —
2333.760000000 – 2333.020000000 —
42.556258220401 – 42.390470625289 —
– —
2346.89 – 1778139000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –