ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 1652.09 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1682 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1648.515 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1682 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

1682 – 1693.59 – 1673.5 – 1652.09 – 1660.93 – 1632.71 —
1664.990000000 – 1678.510000000 —
45.442771292004 – 55.232000438911 —
– —
1682 – 1781238600

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