ETH/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 3092.59 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3171.49 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

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

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 3085.3108 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 3171.49 could occur.
In the case of a trade, always set appropriate stop-loss settings.

3171.49 – 3147.27 – 3104.12 – 3092.59 – 3078.71 – 3058.69 — 43.990942505079 – 40.809709689407 — 19.326506117085 – 15.865151816538 – 18.635575793969 – 17.34640119966

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