ETH/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1778.94 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2343.82 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2343.82 – 2396.62 – 3045.78 – 2076.68 – 2110 – 2157.14 —
1890.170000000 – 1975.750000000 —
26.631927748031 – 47.232779077988 —
– —
2343.82 – 1770148800

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