ETH/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 4558.150000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 4636.220000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

4636.220000000 – 4644.470000000 – 4557.670000000 – 4558.150000000 – 4553.700000000 – 4412.000000000 — 55.075850993599 – 49.052024807955

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – – –