ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at 3208.200000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 3386.360000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 3208.2 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 3386.360000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. 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