ETH/USDT – 1H – SELL

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

A bearish trend down to the next support at 4256.920000000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 4788.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 4288.94502 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 4788.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

4788.000000000 – 4366.460000000 – 4349.810000000 – 4451.330000000 – 4256.920000000 – 4166.770000000 — 27.953339669059 – 26.859167645964

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –