ETH/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 2295.25 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 2415.5 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

2415.5 – 2218.13 – 2329.93 – 2308.5 – 2302.9 – 2175.68 —
2340.000000000 – 2385.610000000 —
55.619810912176 – 67.531417536149 —
– —
2415.5 – 1776175200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –