ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 2297.59 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 2343.6 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2343.6 – 2325.28 – 2275.13 – 2297.59 – 2220.36 – 2258.24 —
2333.910000000 – 2356.920000000 —
64.915641474062 – 67.792753748136 —
– —
2343.6 – 1777755600

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