ETH/USDT – 1H – SELL

The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support level at 3923.500000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 4024.010000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 3882.365 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 4024.010000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download ETH/USDT Signal Image

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows