ETH/USDT – 1H – SELL

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

A descending movement downwards to the next support at 2007.17 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 2085.580000000 could occur.
Consider stop-loss settings accordingly.

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 2002.165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2085.580000000 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. this 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2085.580000000 – 2088.19 – 1979.8 – 2007.17 – 2008.65 – 1989.12 —
2085.580000000 – 2058.160000000 —
60.007021247857 – 52.537889905408 —
2085.580000000 – 1773248400 —
– 1773248400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –