ETH/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 4300.590000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 4453.570000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 4411.84284 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 4453.570000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4453.570000000 – 4381.870000000 – 4384.060000000 – 4300.590000000 – 4277.060000000 – 4276.760000000 — 54.703784216804 – 48.926539127792

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –