ETH/USDT – 1H – SELL

There is also a ‘Triple top chart pattern’ chart layout is existing. The chart picture shows ‘Triple top chart pattern’. which is a negative signal. The pair is likely to go down.

The combination Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 3599.440000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 3878.670000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3660.858 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 3878.670000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Concealing Baby Swallow’ candlestick pattern is found. The chart shows ‘Concealing Baby Swallow’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).

3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 19.221794260573 – 22.365540272539

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Concealing Baby Swallow – Triple top chart pattern –