ETH/USDT – 1H – SELL

Next a ‘Triple top chart pattern’ chart layout is existing. The formation shows ‘Triple top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support at 3599.440000000 is expected.

Caution: A possible change in the direction of the resistance zone at 3878.670000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 3599.44 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 3878.670000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 23.06001607279 – 19.046730792279

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Triple top chart pattern –