ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards

A descending movement downwards to the next support line at is considered certain.

Caution: A possible change in the direction of the resistance zone at 4576.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4370.57112 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 4576.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

4576.000000000 – 4672.670000000 – 4788.000000000 – 4372.540000000 – 4368.000000000 – 4451.330000000 — 45.368430261826 – 43.848550244317

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –