Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2306.25 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2338.37 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.74 |
| 2nd High | 2346.89 |
| Next High | 2338.37 |
| Current Price | 2326.650000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2338.37 – 2325.33 – 2321.22 – 2318.330000000 – 2300 – 2303.19 —
2324.970000000 – 2330.000000000 —
49.536779294627 – 55.953246852075 —
2318.330000000 – 1778376600 —
2338.37 – 1778349600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –