ETH/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 4605.000000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4692.360000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 4523.21 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 4692.360000000 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

4692.360000000 – 4769.360000000 – 4481.090000000 – 4605.000000000 – 4350.010000000 – 4300.590000000 — 42.647604997902 – 41.959326481604

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –