ETH/USDT – 1H – SELL

Besides a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend downwards to the next support line at 3616.540000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 3764.200000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 3559.41788 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 3764.200000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3764.200000000 – 3860.000000000 – 3824.560000000 – 3616.540000000 – 3681.600000000 – 3526.440000000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Double top chart pattern –