ETH/USDT – 30M – SELL

The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.

The bearish trend downwards to the next support level at 2297.59 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 2346.89 could happen.
Consider stop-loss settings accordingly.

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

2346.89 – 2423.74 – 2388.54 – 2313.89 – 2338 – 2354.34 —
2336.110000000 – 2298.200000000 —
48.607844383509 – 31.823531986722 —
– —
2346.89 – 1778139000

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