ETH/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 3677.650000000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 3878.670000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative 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).

3878.670000000 – 3832.000000000 – 3834.030000000 – 3677.650000000 – 3744.160000000 – 3716.040000000 — 37.113123632757 – 36.129009412819

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