ETH/USDT – 1H – SELL

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

A bearish movement down to the next support level at will persist.

Caution: A possible counter-trend in the direction of resistance at 2968.49 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

2968.49 – 3019.26 – 2984.71 – 2875.77 – 2892.4 – 2906.02 —
2929.470000000 – 2948.880000000 —
39.564205117363 – 52.856172504409 —
– —
2968.49000 – 1769277600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –