The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support level at 1548.37 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1637.58 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1512 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1637.58 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1849.54 |
| 2nd High | 1779.9 |
| Next High | 1637.58 |
| Current Price | 1573.430000000 |
| Next Low | 1548.37 |
| 2nd Low | 1512 |
| 3rd Low | 1414.77 |
1637.58 – 1611.02 – 1779.9 – 1548.37 – 1512 – 1671.79 —
1626.650000000 – 1599.190000000 —
54.349758150575 – 51.235169612176 —
– —
1637.58 – 1782748800