ETH/USDT – 30M – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 2023.04 is expected.

Caution: A possible change in the direction of the resistance zone at 2198.57 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Last Engulfing Bottom:’ candle chart pattern is found. The chart forms ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

2198.57 – 2157 – 2168.27 – 2023.04 – 2026 – 2066.97 —
2159.610000000 – 2148.810000000 —
54.670204301527 – 48.959225110091 —
– —
2198.57 – 1774263600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – – –