ETH/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 4350.010000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 4538.250000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 4466 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 4538.250000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

4538.250000000 – 4670.280000000 – 4692.360000000 – 4487.530000000 – 4466.000000000 – 4580.100000000 — 24.578572013803 – 23.953105831335

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –