ETH/USDT – 30M – SELL

Next a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend down to the next support at 4257.200000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 4415.610000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Inside Down’ chart pattern is found. The candles show ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

4415.610000000 – 4379.550000000 – 4454.400000000 – 4257.200000000 – 4265.000000000 – 4430.000000000 — 55.052008957779 – 48.536093017867

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