ETH/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2680.340000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2680.340000000 – 2638.500000000 – 2559.510000000 – 2524.540000000 – 2592.600000000 – 2492.000000000

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