ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 4956.780000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. 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 expected. Target of the current trend is 4288.35774 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 4956.780000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

4956.780000000 – 4817.400000000 – 4887.590000000 – 4311.040000000 – 4207.390000000 – 4204.200000000 — 41.826692751026 – 38.771559111098

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –