ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards

A descent down to the next support at 2354.34 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 2399.5 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2399.5 – 2398.93 – 2343.6 – 2354.34 – 2309.24 – 2297.59 —
2379.400000000 – 2423.740000000 —
47.798341643402 – 66.703670502446 —
– —
2399.5 – 1777986000

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