ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 1682.35 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1719.51 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1719.51 – 1762.99 – 1796.08 – 1682.35 – 1671.79 – 1722.24 —
1697.390000000 – 1699.110000000 —
39.560206158998 – 44.620537607559 —
– —
1719.51 – 1781830800

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