ETH/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 3065.55 is certain.

Caution: A possible change in the direction of resistance at 3171.49 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish 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).

3171.49 – 3147.27 – 3104.12 – 3065.55 – 3092.59 – 3078.71 — 56.710070599701 – 56.309998215305 — 95.09195884689 – 91.794724023567 – 90.163825470196 – 91.528813884102

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