ETH/USDT – 1H – SELL

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 3490.92056 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 3744.830000000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The candles show ‘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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download ETH/USDT Signal Image

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