ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.

A descending movement down to the next support at 3565.000000000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 3878.670000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3565 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 3878.670000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

3878.670000000 – 3834.030000000 – 3886.440000000 – 3565.000000000 – 3677.650000000 – 3716.040000000 — 37.075053645733 – 36.303874523309

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –