The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 1671.44 is certain.
Caution: A possible change in the direction of the resistance line at 1697.28 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘StochOSC Hidden Bearish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1664.01544 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1697.28 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1721.93 |
| 2nd High | 1714.5 |
| Next High | 1697.28 |
| Current Price | 1672.980000000 |
| Next Low | 1671.44 |
| 2nd Low | 1662.2 |
| 3rd Low | 1659.02 |
1697.28 – 1686.56 – 1675.9 – 1671.44 – 1662.2 – 1659.02 —
1676.690000000 – 1675.480000000 —
43.524728869813 – 45.954709654931 —
– —
1697.28 – 1781386200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Symmetrical Triangle Chart Pattern – –