ETH/USDT – 4H – SELL

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

A bearish descent down to the next support level at 4412.000000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 4644.470000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4330.1825 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 4644.470000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

4644.470000000 – 4769.360000000 – 4384.060000000 – 4412.000000000 – 4236.000000000 – 4210.610000000 — 39.584131729245 – 37.329695741004

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –