ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.

A descending movement down to the next support at 3731.000000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 3793.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 3747.31984 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 3793.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Head and Shoulder chart pattern –