ETH/USDT – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance zone at 3319.97 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 3273.72 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 3319.97 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3319.97 – 3326.79 – 3384.19 – 3277.04 – 3273.72 – 3278 — 41.482417236377 – 38.894206513057 — 53.118313654014 – 33.333333333333 – 64.065650562203 – 53.827121360206

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