ETH/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support line at 4311.040000000 will persist.

Caution: A possible counter-trend in the direction of resistance at 4663.930000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Inside Down’ candlestick pattern is existing. The chart forms ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

4663.930000000 – 4956.780000000 – 4887.590000000 – 4311.040000000 – 4060.000000000 – 4368.000000000 — 45.365594542543 – 41.713965906783

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – Double bottom retreat down – –