ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1603.44 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1667.96 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1667.96 – 1643.58 – 1663.77 – 1603.44 – 1606.01 – 1614.02 —
1641.940000000 – 1659.720000000 —
57.367397878182 – 63.639640409155 —
– —
1667.96 – 1781098200

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