The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1557.35 is considered certain.
Caution: A possible change in the direction of the resistance level at 1596.25 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1660.54 |
| 2nd High | 1637.58 |
| Next High | 1596.25 |
| Current Price | 1563.530000000 |
| Next Low | 1557.35 |
| 2nd Low | 1548.37 |
| 3rd Low | 1521.54 |
1596.25 – 1637.58 – 1597.28 – 1557.35 – 1548.37 – 1562.41 —
1583.630000000 – 1568.540000000 —
35.326036949721 – 39.62384657719 —
– —
1596.25 – 1782802800