ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.

A descending movement downwards to the next support at 2157.310000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2270.55 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2167.055 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 2270.55 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

2270.55 – 2273.87 – 2133.83 – 2157.310000000 – 2162 – 2060.24 —
2182.190000000 – 2226.340000000 —
44.81728605924 – 54.598468140339 —
2157.310000000 – 1775743200 —
2270.55 – 1775653200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –