ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support level at 2220.36 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 2325.28 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 2259.73814 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 2325.28 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Southern Doji’ candlestick chart pattern is discovered. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

2325.28 – 2275.13 – 2346.95 – 2220.36 – 2258.24 – 2266.09 —
2310.250000000 – 2317.690000000 —
55.887396467886 – 56.330639175276 —
– —
2325.28 – 1777644000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –