ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.

A bearish movement down to the next support level at 2324.19 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 2423.75 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

2337.68 – 2320.42 – 2323.21 – 2324.19 – 2306.72 – 2300.55 —
2362.540000000 – 2380.000000000 —
75.303772885161 – 72.306008125687 —
– —
2337.68 – 1777192200

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