ETH/USDT – 1H – SELL

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

A bearish movement downwards to the next support level at 3050.010000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 3224.940000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 3059.53416 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 3224.940000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download ETH/USDT Signal Image

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