ETH/USDT – 30M – SELL

There is also a ‘Double bottom retreat down’ chart formation is existing. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support line at 3731.000000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 3793.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

3793.000000000 – 3782.830000000 – 3767.130000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 69.325253990365 – 63.931090685758

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down –