ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 3601.560000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 3767.130000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI cross above 70’ indicator layout is existing. The indicator is ‘RSI cross above 70’. this is usually a bullish signal. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

3767.130000000 – 3747.000000000 – 3771.000000000 – 3601.560000000 – 3599.440000000 – 3502.850000000 — 46.474336815781 – 45.463054152432

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Double bottom retreat down –