ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 2284.19 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 2332 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 2304.98 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 2332 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

2332 – 2338.75 – 2346.78 – 2284.19 – 2300.01 – 2278.38 —
2325.880000000 – 2330.820000000 —
51.095059930268 – 56.123675257596 —
– —
2332 – 1776798000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –