ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1546.06 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1680.46 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1796.08 |
| 2nd High | 1779.9 |
| Next High | 1680.46 |
| Current Price | 1589.870000000 |
| Next Low | 1546.06 |
| 2nd Low | 1471.02 |
| 3rd Low | 1414.77 |
1680.46 – 1779.9 – 1759.84 – 1635.65 – 1702 – 1679.11 —
1678.530000000 – 1657.400000000 —
46.852943129332 – 35.418116720284 —
– —
1680.46 – 1782262800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –