ETH/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 2297.59 is certain.

Caution: A possible counter-trend in the direction of resistance at 2343.6 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2343.6 – 2325.28 – 2275.13 – 2297.59 – 2220.36 – 2258.24 —
2332.610000000 – 2337.870000000 —
64.758821903175 – 69.124902197782 —
– —
2343.6 – 1777755600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –