ETH/USDT – 1H – SELL

And also a ‘Double bottom retreat down’ chart layout is found. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 3280.48 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 3367.79 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Three Inside Down’ candlestick chart pattern is existing. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

3367.79 – 3171.49 – 3147.27 – 3280.48 – 3065.55 – 3092.59 — 65.400532894905 – 58.475494778928 — 59.859423024395 – 47.089672998258 – 48.92369013239 – 52.193165618517

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