ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 1652.09 will continue.

Caution: A possible counter-trend in the direction of resistance at 1697.28 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1650.36 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1697.28 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1697.28 – 1691.07 – 1693.59 – 1652.09 – 1603.44 – 1606.01 —
1686.650000000 – 1679.140000000 —
56.209286149637 – 50.884723549359 —
– —
1697.28 – 1781384400

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