ETH/USDT – 1H – SELL

The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support level at 2220.36 will persist.

Caution: A possible change in the direction of the resistance zone at 2423.74 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

Additionally a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

2423.74 – 2399.5 – 2398.93 – 2313.89 – 2354.34 – 2309.24 —
2293.240000000 – 2321.220000000 —
32.264225414934 – 54.594765993248 —
– —
2423.74 – 1778065200

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