ETH/USDT – 4H – SELL

The currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 2220.36 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 2404.37 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 2342.635 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 2404.37 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The 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’ going down is 69% (Bull Market) & 70% (Bear Market).

2346.95 – 2404.37 – 2423.75 – 2220.36 – 2285.42 – 2252.72 —
2390.740000000 – 2423.740000000 —
63.071344473815 – 66.382007799325 —
– —
2346.95 – 1777449600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – – –