ETH/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 3593.700000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 3650.440000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Download ETH/USDT Signal Image

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing