ETH/USDT – 30M – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards

A bearish movement down to the next support at 3066.37 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 3193.33 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘%K fall below 80’ indicator signal is existing. The indicator is ‘%K fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 3011.27 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 3193.33 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

3193.33 – 3225 – 3240.35 – 3066.37 – 3170.47 – 3030.42 — 36.249275095826 – 35.748511828202 — 0.9402113898091 – 0 – 24.520166167114 – 7.4365041804701

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –