ETH/USDT – 1H – SELL

The currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 2110 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 2343.82 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Inside Down’ candle chart pattern is found. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2343.82 – 2396.62 – 3045.78 – 2110 – 2157.14 – 2250 —
2256.620000000 – 2293.990000000 —
45.579477243378 – 51.606190926221 —
– —
2343.82 – 1770148800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – – –