ETH/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1955.62 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1995.56 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1951.28 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1995.56 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1995.56 – 1981.18 – 1973.86 – 1955.62 – 1922.97 – 1931.01 —
1982.470000000 – 1979.870000000 —
45.734839364208 – 48.811378167949 —
– —
1995.56 – 1771682400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –