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 2309.24 is considered certain.

Caution: A possible change in the direction of the resistance zone at 2398.93 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency 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).

2398.93 – 2343.6 – 2325.28 – 2309.24 – 2297.59 – 2220.36 —
2359.000000000 – 2388.560000000 —
52.919977722738 – 59.602789776135 —
– —
2398.93 – 1777867200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –