ETH/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 4225.860000000 is expected.

Caution: A possible change in the direction of the resistance level at 4388.650000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 4225.86 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 4388.650000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Shooting Star’ chart pattern is existing. The candles form ‘Shooting Star’. 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 ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

4388.650000000 – 4576.000000000 – 4672.670000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 35.164374847088 – 35.074343821214

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – Double top chart pattern – –