ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support line at 4435.700000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 4508.710000000 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

4508.710000000 – 4636.220000000 – 4644.470000000 – 4435.700000000 – 4412.000000000 – 4464.000000000 — 42.7191638289 – 41.147389680158

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top retreat up – –