ETH/USDT – 30M – SELL

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

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

Caution: A possible reversal of the trend in the direction of resistance at 3793.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘RSI fall below 70’ indicator layout is existing. The indicator shows ‘RSI fall below 70’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 3747.31984 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 3793.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

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 –