ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 2899.77 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 3045.78 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2960.775 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 3045.78 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

3045.78 – 3035.08 – 2957.04 – 2983.67 – 2899.77 – 2875.77 —
3031.680000000 – 3013.500000000 —
54.71808377761 – 51.492614754125 —
– —
3045.78000 – 1769605200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –