ETH/USDT – 4H – SELL

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

A descent down to the next support level at 4435.700000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 4644.470000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 4330.1825 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 4644.470000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4644.470000000 – 4769.360000000 – 4384.060000000 – 4435.700000000 – 4412.000000000 – 4236.000000000 — 40.598978453442 – 26.253508280493

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –