ETH/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 2346.78 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2346.78 – 2332.88 – 2350.24 – 2252.72 – 2300 – 2317.43 —
2312.900000000 – 2337.270000000 —
49.582340185926 – 58.740936641034 —
– —
2346.78 – 1776718800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –