ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards

A bearish movement down to the next support level at 3050.010000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 3224.940000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 3075.6393 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 3224.940000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download ETH/USDT Signal Image

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