ETH/USDT – 1H – SELL

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 2220.36 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 2346.95 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2346.95 – 2404.37 – 2323.21 – 2220.36 – 2258.24 – 2266.09 —
2272.560000000 – 2267.320000000 —
48.731185303695 – 49.927427346301 —
– —
2346.95 – 1777456800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –