ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.

The bearish trend down to the next support level at 1928.88 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 2103.32 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Inside Down’ chart pattern is found. The candles show ‘Three Inside Down’. this is a bearish 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2103.32 – 2107.67 – 2073.68 – 1928.88 – 1897.24 – 1903.19 —
1966.790000000 – 1993.350000000 —
30.709311786666 – 48.641173724732 —
– —
2103.32 – 1771138800

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