ETH/USDT – 1H – SELL

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

A bearish trend down to the next support at 1565.26 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1725 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Three Inside Down’ chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1725 – 1646.26 – 1604.02 – 1565.26 – 1552.92 – 1550.2 —
1721.530000000 – 1753.290000000 —
68.137652473113 – 74.755266305885 —
– —
1725 – 1783000800

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