ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards

A descent down to the next support level at 3731.000000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 3793.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 3747.31984 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 3793.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

3793.000000000 – 3782.830000000 – 3767.130000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 63.921736216703 – 57.301620392327

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Double bottom retreat down –